The JSE opened higher on Tuesday as rand hedges benefited from the weaker rand, with banks and retailers on the back foot.The rand touched R12.3808 to the dollar in early morning trade, before recovering, as the market anticipated the US 10-year bond yield spiking above the psychologically significant 3% level. However, it was still stuck at about 2.96% at the opening.Weaker US bond yields have spooked equity markets, as it points to higher inflationary pressures from firmer oil prices, with the US Federal Reserve likely to adopt a more hawkish stance.Brent crude was at $75.11 a barrel in early trade from $74.97.The Dow closed 0.06% down on Monday. Asian markets were higher on Tuesday morning as Tencent lead a revival among tech stocks in Hong Kong trade.A weaker rand hodls the promise of higher inflation developing later this year, which could result in the Reserve Bank holding back on any further interest-rate cuts.Capital Economics analysts noted that the recent string of weak in...
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