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%.
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