Mumbai: After weakening sharply last week, government bonds and the rupee have staged a smart recovery as concerns over how much higher US interest rates may head have been soothed by a lower-than-anticipated American jobs number and comments by Fed officials hinting at the end of tightening. Yield on the 10-year benchmark government bond has eased 7 basis points from its close of 7.16% on Friday, largely tracking a steep fall in US government borrowing costs. Read More