U.S. Fed says will not hold market operations on April 3

U.S. Fed says will not hold market operations on April 3

Kevin Lamarque

The U.S. central bank said in a statement all reverse repurchase agreement and securities lending trades on Thursday April 2 will mature on Monday April 6.

The U.S. bond market is recommended to close at noon (1600 GMT) on April 3, according to the Securities Industry and Financial Markets Association.

However, the U.S. stock market will be shut that day.

The bond market typically closes on Good Friday but it opens for abbreviated trading when the government releases its monthly payrolls report.

The last time the U.S. bond market opened on Good Friday was 2012.

For its March payrolls report, the Labor Department scheduled to release its March payrolls report on April 3 at 8:30 a.m. (1230 GMT).

For more details, click on ((http://www.bls.gov/schedule/news_release/2015_sched.htm))

((http://www.sifma.org/services/holiday-schedule/#us2015))

(Reporting by Richard Leong; Editing by Diane Craft)

TOP READS FROM THE FISCAL TIMES