Global Growth Is ‘N Sync – All Eyes on Yields

Originally posted at
Without looking it up, can you name all five members of the boy band ‘N Sync? Don’t be disappointed if you didn’t get past Justin Timberlake and Lance Bass, but if you got the third, fourth and/or fifth members, give yourself a synchronized high-five. Now, stop to consider that there is another band in sync these days and it includes the U. S., Germany, the eurozone, China, and Japan.
There’s little chance anyone will forget the names of those five band members when discussing the global economy, especially when that group is turning out regular hits these days with their manufacturing Purchasing Managers Index (PMI) reports.
That’s right. These countries are all in sync with manufacturing PMI readings that are trending higher.
That’s an encouraging consideration for a global economy that has been stuck in a low-growth rut and it could hold some important ramifications for monetary policy and global markets.

This post was published at FinancialSense on 01/30/2017.