SYDNEY, AAP – A second-half fade for the ASX has left investors with a reminder that rising interest rates could dominate 2022.
The Australian market turned from gains to losses on Tuesday as bond yields rose here and abroad.
The Australian government 10-year-bond was at 1.93 per cent as investors anticipate the US Federal Reserve raising rates several times this year.
The benchmark S&P/ASX200 index closed lower by 8.5 points, or 0.11 per cent, to 7408.8 points.
The All Ordinaries index lost 3.5 points, or 0.05 per cent, to 7735.8 points.
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The Australian dollar was buying 71.91 US cents at 1619 AEDT, lower from 72.06 US cents at Monday’s close.