Choopy markets the story so far

It's a mixed picture in early trading.

To me, what stands out the most is the continued bond rally. US 10-year yields are down another 2 bps today and at a fresh three week low in the sixth day of declines.

In the FX market, the US dollar is generally weaker although the euro is the real dog right across the board.

The next item on the agenda is a speech from the Fed's Fischer. He was the most-hawkish of the Governors in the lead-up to the FOMC decision so he might have some questions to answer. The topic is 'Why Study Economics' and there is no word on a Q&A. It's scheduled for 1515 GMT (11:15 am ET).