Release Date: February 13, 2012
Contact: Liz Pierce, (212) 313-1173, firstname.lastname@example.org
SIFMA Recommends Full Market Close on February 20 for Trading of US Dollar-Denominated Fixed-Income Securities in the US in Observance of the Presidents’ Day Holiday
New York, N.Y., February 13, 2012 — SIFMA has confirmed its previous recommendation for a full market close on Monday, February 20 for the trading of US dollar-denominated fixed-income securities in the United States in observance of the Presidents’ Day Holiday.
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 recommended early and full market closes 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.
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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 develop policies and practices which strengthen financial markets and which encourage capital availability, job creation and economic growth while building trust and confidence in the financial industry. 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 www.sifma.org.