Aust shares rolled by rising bond yields

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.

The Australian dollar was buying 71.91 US cents at 1619 AEDT, lower from 72.06 US cents at Monday's close.