New York, NY, December 12, 2024 – SIFMA today issued its 2025 and 2026 holiday recommendations for the trading of U.S. dollar-denominated fixed income securities in the U.S. and the U.K. All 2026 recommendations for Japan are subject to confirmation by the Bank of Japan. SIFMA will confirm its 2026 recommendations for Japan in 2025.

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.

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. Early closes will not affect the closing time for settlements.

The full 2025 and 2026 holiday recommendations for the U.S. and U.K. are listed on SIFMA’s Website at https://www.sifma.org/resources/general/holiday-schedule.

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.