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JGB TECHS

(U1) Tilted Higher

NZD

Kiwi Gives Away Post-GDP Gains

AUSSIE BONDS

Dragged Flatter By U.S. Tsys Overnight

US TSYS

Flat Re-Open

AUD

Attempted Recovery Short Lived

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

FED

Q: Re racial economic gaps, do you agree they are currently a drag on the economy and if so what can the Fed do to narrow them?

- A: I strongly agree with that... the reason we talk about inequality and racial inquality in particular, it goes to our goal of achieving maximum employment. The US economy can be bigger, stronger, growing faster if we can achieve broader prosperity. Re our tools, that's a project for the broader society, fiscal policy etc, but we have a role to play. We're not going to say we've reached maximum employment if there's lots of pockets of people not participating in or not employed in the labor market.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com