NEW YORK ( TheStreet) -- Investors took profits on the U.S. dollar and reassessed their currency outlook on Thursday as minutes from the Federal Reserve's June meeting hinted at indecision over the initial start date for slowing bond purchases. Most economists still believe September will be the start of a slowdown, but the Fed made it clear that employment targets must be hit for that to be the case.The first chart below is of iShares Barclays 1-3 Year Treasury Bond (SHY) over iShares Barclays 20+ Year Treasury Bond (TLT). This pair represents the Treasury yield curve. When the price rises, the curve steepens. A steeper yield curve is usually bullish for the economy and equity sectors such as bank stocks.
Global Macro: Yield Curve Takes a Breather
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.