The Securities Industry and Financial Markets
Association today issued its recommended 2008 and 2009 holiday schedules for
full and early market closes for the trading of US dollar-denominated
fixed-income securities in the United States, the United Kingdom and
Japan. The 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. Early closes will not
affect the closing time for settlements.
The updated 2008 and new 2009 holiday recommendations for
the US, UK and Japan are listed on SIFMA’s Web site, at http://www.sifma.org/services/holidays.html.
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