Good morning- Global equities are mostly higher to start this morning’s session as optimism over U.S. tax reform and euro-area economic growth overshadows North Korea concerns. In Europe, the Stoxx 50 up 25 points and the DAX up 101.5 points while the FTSE is down 50 points. Asian stocks are mixed as the Nikkei is up 110 points while the Hang Seng is down 35 points. Stock futures in the US are all positive as senators begin debating the GOP tax bill. The DOW is up 74 points, the S&P up 2.5 points, and the NASDAQ is up 2 points. Oil is down to $57.79/bbl ahead of tomorrow’s OPEC meeting in Vienna. With respect to rates, treasury yields are 1.5-5bps higher across the curve in steepening fashion. The yield on the 10yr UST is up 4bps to 2.369%. In other news, U.K. and EU negotiators reached an outline deal on the Brexit divorce bill and Bitcoin is surging toward $11,000. Today’s economic data includes Pending Home Sales and the Fed’s Beige Book.