March 15, 2010
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Treasure State
Corporate Credit Union
1236 Helena Avenue
Helena, Montana
59601
 
Copyright © 2010
Treasure State
Corporate Credit Union
All Rights Reserved
 
 
 
Welcome to Treasure State Corporate Credit Union's Web Site.
 
   Market Commentary for March 12, 2010
   
  Stocks indices are lower in early trading, with bond yields mixed and commodity prices higher across all sectors.

Looking at business, the Trade Balance for January registered -$37.3 billion vs. -$41.0 billion expected and -$39.9 billion prior. January Business Inventories were flat at $1.31 billion vs. +0.1% expected and -0.3% prior. Year-over-year, inventories fell -8.6%. Sales rose +0.6% to $1.04 billion vs. +1.0% prior. The Inventory/Sales ratio fell to 1.25, the lowest level since November 2007.

The employment picture improved modestly. Initial Jobless Claims fell slightly for the period ending March 6, down to 462,000 vs. 468,000 prior and 460,000 expected. Continuing Claims rose to 4,558,000 vs. 4,521,000 prior and 4,500,000 expected.

In consumer news, Retail Sales in February gained +0.3% vs. -0.3% expected and +0.1% in January. Excluding autos, sales jumped +0.8% vs. +0.1% expected and +0.6% prior. The Reuters/University of Michigan Consumer Sentiment index dropped to 72.5 in March vs. 74.0 expected and 73.6 prior.

Lastly, Standard and Poor’s once again warned that the United States’ AAA credit rating is at risk.

Treasury yields at 11:15 a.m. EST are as follows: 2-year note .95%; 5-year note 2.42%, 10-year note 3.71%, and the 30-year bond 4.63%.

  
 
 
   NCUA RELEASES PROPOSED CHANGES TO CORPORATE REGULATIONS
   
 

The proposed changes to Corporate regulations were released by the NCUA on November 19, 2009. We have begun to assess the impact of the changes and plans to seek input from members on its future direction. This is expected to start in December 2009 and extend into 2010. View Proposed Corporate regulations.

Read full Article click here.

 
 
     
 
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Automated Settlement
 
Automated settlement offers the credit union movement a timely, automatic method of settling the movement of funds to a variety of vendors.
 
 
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