Tuesday, December 01, 2020

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%.

No comments: