SIFMA Recommends Full Market Close On July 16 For Trading Of US Dollar-Denominated Fixed-Income Securities In Japan In Observance Of The Marine Day Holiday

The Securities Industry and Financial Markets Association (SIFMA) has confirmed its previous recommendations for a full market close on Monday, July 16, for the trading of US dollar-denominated fixed-income securities in Japan in observance of the Marine 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.

SIFMA’s recommended 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.