SIFMA Recommends Full Market Close On May 28, 2007, For Trading Of U.S. Dollar-Denominated Fixed-Income Securities In The U.K. In Observance Of The U.K. Spring Bank Holiday

The Securities Industry and Financial Markets Association has confirmed its previous recommendation for a full market close on Monday, May 28, 2007, for the trading of U.S. dollar-denominated fixed-income securities in the United Kingdom in observance of the U.K. Spring Bank 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 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.