A tight re-open for T-Notes, unch. at.......>

US TSYS: A tight re-open for T-Notes, unch. at 130-00+. Cash Tsys will be closed

in Asia owing to a Japanese holiday. T-Notes finished lower Friday, albeit off

lows, ISM m'fing print taking some of the edge off of the stronger than exp.

NFPs, which was accompanied by an uptick in participation, pushing the unemp.

rate marginally higher, while the wage numbers were virtually in line with exp.

Little to surprise from Fed speakers, including Vice Chair Clarida.

- U.S. Com Sec Ross spoke over the weekend. He seemed optimistic that the U.S.

would reach a "Phase One" trade deal with China in Nov & noted that licenses

would be coming "very shortly" for U.S. firms looking to sell to Huawei. This

came after Friday saw China note that it has reached a consensus in principle

with the U.S. Meanwhile, the White House noted that the trade representatives

"made progress in a variety of areas and are in the process of resolving

outstanding issues. Discussions will continue at the deputy level." Ross also

suggested that the administration may not need to tariff imported cars later in

Nov after "good conversations" with automakers in the EU, Japan & elsewhere.

- Final durables/factory data headlines local docket, Fed's Daly to speak late.