X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MADISON, Wis. – Credit unions saw steep declines in emerging-market and U.S. technology shares last week even as profits climbed and economic expectations continue to be strong for the rest of 2004. This, according to the May 3 MEMBERS Capital Advisors’ Marketline, which indicated that “most of the world’s major stock indexes are now close to even or down for the year, even though we have just closed out a remarkably strong quarter of economic growth.” MEMBERS Capital said one possible reason for stocks being down last week is the “growing conviction among market participants that short-term interest rates will rise this summer or fall.” The current uncertainty surrounding the near-term behavior of inflation and interest rates, has suggested that investors should be prepared for volatility in financial markets, Marketline reported. “If interest rates do rise, then being a lender (or buying a bond) would be expected to be a slightly more attractive proposition each time rates go up. A rising interest-rate environment hurts the prices of existing bonds, but it makes newly issued bonds more competitive in respect to stocks,” according to Marketline. MEMBERS Capital is the registered investment advisory for CUNA Mutual Group.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.