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SIFMA Market Close Recommendation for the Presidents' Day Holiday

Release Date: February 11, 2013
Contact: Liz Pierce, (212) 313-1173, lpierce@sifma.org

SIFMA Recommends Full Market Close on February 18 for Trading of US Dollar-Denominated Fixed-Income Securities in the US, UK and Japan in Observance of the US Presidents’ Day Holiday

New York, N.Y., February 11, 2013 — SIFMA has confirmed its previous recommendation for a full market close on Monday, February 18 for the trading of US dollar-denominated fixed-income securities in the United States, the United Kingdom and Japan in observance of the U.S. Presidents’ Day Holiday.

This recommendation applies to trading of U.S. 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.


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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