ASX 200 declines 0.44% to 8,664 amid global bond sell-off and rising oil prices.

Key points

• Global bond sell-off impacts ASX 200: The global bond market sell-off led to higher U.S. Treasury yields, raising concerns about inflation and interest rates, which negatively affected the ASX 200.
• Rising oil prices weigh on investor sentiment: Continued strength in oil prices contributed to the market's decline, as investors grew cautious ahead of the Reserve Bank of Australia's interest rate decision.
• Materials sector leads losses: Of the index's 11 sectors, all but one traded lower, with the materials sector falling more than 1%.