Release Date: March 21, 2012
Contact: Liz Pierce, (212)
SIFMA Recommends Early Market Close on April 6 and April 9 for Trading
of US Dollar-Denominated Fixed-Income Securities in Japan in Observance of the Good
Friday and UK Easter Monday Holidays, Respectively
New York, N.Y., March 21, 2012 — SIFMA has confirmed its previous recommendations
for early market closes at 3:00 p.m., JST, on Friday, April 6 and Monday, April
9, for the trading of US dollar-denominated fixed-income securities in Japan in
observance of the Good Friday and UK Easter Monday Holidays.
These recommendations apply
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.