Good morning- Global stocks are mixed to start this morning as the threat of a global trade war still looms large. In Europe, the Stoxx 50 is up 1 point, the DAX is up 33.5 points, and the FTSE is down 16 points. Asian stocks are mixed as the Nikkei is up 30 points while the Hang Seng is down 80 points. US stock futures are extending their decline from Friday as the dollar and treasuries gained. Right now, the DOW down 150 points, the S&P is down 15.25 points, and the NASDAQ is down 25.5 points. WTI crude is up for the first time in a week, trading at $61.35/bbl. With respect to rates, treasury yields are 2.5-3.5bps lower across the curve in flattening fashion as the 10yr UST is unchanged from Friday’s open at 2.833%. Syndicate desks are expecting $20-25bn of IG deals this week including a multi-tranche jumbo for CVS which could fetch upwards of $50bn. There is no significant economic data expected today.