Release Date: August 28, 2011
Contact: Katrina Cavalli, 212.313.1181, email@example.com
SIFMA Recommends No Changes in Fixed-Income Market Trading on Monday, August 29, 2011
New York, NY, August 28, 2011—In the wake of Hurricane Irene, SIFMA is not recommending any changes to the trading of US dollar-denominated fixed-income securities in the United States on Monday, August 29, 2011. If conditions change, SIFMA will alert the market to any changes to this recommendation as soon as possible.
This recommendation applies to trading of US dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in bankers’ acceptances, commercial paper and Yankee and Euro certificates of deposit.
SIFMA’s recommendations for trading in the fixed income markets are recommendations only; each member firm should decide for itself whether its fixed-income departments remain open for trading. All SIFMA recommendations are subject to change due to market conditions.
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.