SIFMA Rec. Early Close

SIFMA Rec. Early Close refers to the recommended early market close for bond markets in the United States, as recommended by the Securities Industry and Financial Markets Association (SIFMA). SIFMA recommends an early close for the bond market on certain holidays or other events that may impact market liquidity or trading volumes.

The recommended early close time may vary depending on the holiday or event, but it is typically around 2:00 p.m. Eastern Time. This means that trading in the bond market will end earlier than usual on these days, allowing market participants to plan accordingly and avoid any potential liquidity or operational issues that may arise due to reduced market participation.

It's important to note that the SIFMA recommendation is just that - a recommendation. It is up to each individual market participant to decide whether to follow the recommended early close time, and some may choose to continue trading beyond the recommended time. However, following the SIFMA recommendation can help ensure that the bond market operates smoothly and efficiently, particularly during times of heightened volatility or uncertainty.