Notes Today:

• The Dow had its best month since 1987.
  

• U.S. prosecutors are investigating whether several individuals offered political contributions in exchange for a presidential pardon, according to an unsealed court document.

• US Residential construction rose 2.9% .
• US construction projects rose 1.3% in October.

• Joe Biden’s Treasury Secretary nominee and former Fed President Janet Yellen warned that America is battling a historic economic crisis and called for urgent policy action to avert a “self-reinforcing” downturn.

• A new push began in Congress to send federal aid to businesses, state and local governments slammed by the pandemic. So, 10-yearnotes are a bit higher, with 10-year yield last up 7.7 basis points at 0.9194%.