The Securities Industry and Financial Markets Association (SIFMA) today issued its recommended 2010 and 2011 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.
Two updates for the 2010 US calendar include:
- Good Friday (Friday, April 2, 2010): early 12:00 p.m. close recommended due to the planned release of the Unemployment Report from the Bureau of Labor Statistics. (This had previously been recommended as a full close.)
- New Year’s 2010/2011: full day trading on Friday, December 31, 2010 due to it being the last trading day for 2010. (This had previously been recommended as a full close.)
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 2010 and 2011 holiday recommendations for the US, UK and Japan are listed on SIFMA’s Website at http://www.sifma.org/services/holidays.html.
