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Wednesday, December 01, 2010

Summary of a busy day

by Calculated Risk on 12/01/2010 11:26:00 PM

• 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.