The US stock markets were flat at the morning session, due to further bond trimming announcements by the Fed, later in the day.

The Dow Jones industrial average was up by 10.17 points at 16,346.36. The S&P 500 was up by 1.23 points at 1,873.48. But the Nasdaq Composite slipped by 2.21 points at 4,331.09.