Release Date: June 28, 2012
Contact: Liz Pierce, (212)
313-1173, lpierce@sifma.org
SIFMA Recommends Early Market Close on
July 3 and Full Market Close on July 4 for Trading of US Dollar-Denominated
Fixed-Income Securities in the US in Observance of the Independence Day Holiday
New York, N.Y., June 28, 2012 — SIFMA has recommended an early close at 2:00 p.m.,
EST, on July 3 and confirmed its previous recommendation for a full market
close on Wednesday, July 4 for the trading of US dollar-denominated
fixed-income securities in the United States in observance of the Independence
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.
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.
.
