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SIFMA Recommends Full Market Closes On January 14 And January 21 For Trading Of US Dollar-Denominated Fixed-Income Securities In Japan In Observance Of The Adults Day And US Martin Luther King Day Holidays, Respectively

Date 11/01/2008

The Securities Industry and Financial Markets Association has confirmed its previous recommendations for full market closes on Monday, January 14 and Monday, January 21 for the trading of US dollar-denominated fixed-income securities in Japan in observance of the Adults Day and US Martin Luther King Day Holidays, respectively.

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 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.