SIFMA Issues 2018 And 2019 Fixed-Income Recommendations For Full & Early Holiday Closes in the U.S. and U.K.

SIFMA today issued its 2018 and 2019 holiday recommendations for the trading of U.S. dollar-denominated fixed-income securities in the U.S. and the U.K. All 2019 recommendations for Japan are subject to confirmation by the Bank of Japan. SIFMA will confirm its 2019 recommendations for Japan in early 2018.

The recommendations apply 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.

Note the following: For U.K. Boxing Day 2018/2019 in the U.K. and Japan, there will be an early market close recommendation instead of a full market close as previously confirmed.

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 full 2018 and 2019 holiday recommendations for the U.S. and U.K. are listed on SIFMA’s Website at https://www.sifma.org/resources/general/holiday-schedule.