SIFMA Recommends Full Market Close On March 20 For Trading Of US Dollar-Denominated Fixed-Income Securities In Japan In Observance Of The Spring Equinox Holiday

The Securities Industry and Financial Markets Association has confirmed its previous recommendation for a full market close on Friday, March 20, for the trading of US dollar-denominated fixed-income securities in Japan in observance of the Spring Equinox Holiday.

These 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.