by Calculated Risk on 12/01/2010 11:26:00 PM
Wednesday, December 01, 2010
Summary of a busy day
• The Federal Reserve released details of borrowing by financial firms, and others during the financial crisis. Here are some articles:
From the NY Times: Fed Papers Show Breadth of Emergency Measures
From Bloomberg: Fed Names Recipients of $3.3 Trillion of Aid During U.S. Financial Crisis
From Bloomberg: European Banks Dominated Use of Fed’s Commercial Paper Program
• ADP reported Private Employment increased by 93,000 in November, the largest gain in three years and well above expectations of 68,000 private sector jobs.
• U.S. Light Vehicle Sales were at 12.26 million SAAR in November
• The ISM Manufacturing Index decreased slightly to 56.6 in November.
• European bond yields declined. The Ireland 10-year bond yield fell to 8.94% from 9.36% yesterday. The yield on Portugal 10-year bonds fell to 6.65% from just over 7%, and the yield of Spain's 10-year bonds declined to 5.29% from 5.5%.
• The Asian markets are up all green tonight (up about 1% to 2%)
• Here are the graph galleries for auto sales, ISM index, and construction spending.
Best to all.