SIFMA Issues 2014 and 2015 Recommendations for Full and Early Holiday Closes for Fixed-Income Securities

SIFMA issued its 2014 and 2015 recommended holiday schedules for full and early market closes for the trading of U.S. dollar-denominated fixed-income securities in the United States, the United Kingdom and Japan. SIFMA recommended early and full market closes, yet stated that each member firm should decide for itself whether its fixed-income departments remain open for trading.

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.

See: SIFMA Recommendations; SIFMA Holiday Schedule.