T-Notes limited at the re-open, +0-03 at....>

US TSYS: T-Notes limited at the re-open, +0-03 at 129-04+, after a very sanguine

Monday, which saw cash markets closed for the MLK holiday, leaving futures to

operate on light volume, in a shortened session. Late in the day French

President Macron noted that he had a "great discussion" with U.S. President

Trump re: digital tax, agreeing to hold off on potential tariffs until the end

of the year (in line with what was outlined in an earlier MNI piece). Elsewhere,

the IMF's latest round of global economic projections drew some interest, as the

Fund trimmed its 2020 global growth outlook (although that remains above 2019

levels), noting that the balance of risks to the global outlook remains on the

downside, but less skewed toward adverse outcomes than in its October WEO.

- Also worth flagging that China's spreading coronavirus is receiving wider

attention, with worry elevated on the back of human to human transmission ahead

of the LNY holidays.

- Impeachment matters continue to garner interest, with existing home sales,

FHFA house prices, MBA mortgage apps and Chicago Fed national activity data all

due Tuesday.