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SIFMA Market Close Recommendations for the Showa Day, Constitutional Day, Greenery Day and UK May Day Holidays in Japan

Release Date: April 25, 2012
Contact: Liz Pierce (212) 313-1173, lpierce@sifma.org

SIFMA Recommends Full Market Closes on April 30, May 3, May 4 and an Early Close on May 7 for Trading of US Dollar-Denominated Fixed-Income Securities in Japan in Observance of the Showa Day, Constitutional Day, Greenery Day and UK May Day Holidays, Respectively 

New York, N.Y., April 25, 2012 — SIFMA has confirmed its previous recommendations for full market closes on Monday, April 30, Thursday, May 3 and Friday, May 4 and an early close at 3:00 p.m. JST on Monday, May 7 for the trading of US dollar-denominated fixed-income securities in Japan in observance of the Showa Day, Constitutional Day, Greenery Day and UK May Day Holidays, respectively.

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.

The early close will not affect the closing time for settlements.

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. 

 

  

 

  

 

  

 


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Contact

In New York:
Katrina Cavalli
212.313.1181


-or-


 Liz Pierce

212.313.1173

 

In Washington:

Carol Danko
202.962.7390

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