Operating Policy
Statement Regarding Open Market Desk Operations on Thursday, April 6, 2023
March 8, 2023

Due to the release of the March U.S. employment data on Friday, April 7, 2023 the Securities Industry and Financial Markets Association (SIFMA) is not recommending a full closure for secondary market trading of U.S. government securities for Good Friday. However, fixed income and repo market participants are broadly expected to observe the holiday. As a result, all overnight repurchase and reverse repurchase agreements and securities lending trades executed on Thursday, April 6, 2023 will mature on Monday, April 10, 2023. While the Open Market Trading Desk does not intend to conduct operations on April 7, 2023, the Fedwire Securities Service will operate during its regular hours.

For information on the publication of the Tri-Party General Collateral Rate (TGCR), the Broad General Collateral Rate (BGCR), the Secured Overnight Financing Rate (SOFR), or the SOFR Averages and Index on April 7, 2023, see Statement Regarding the Publication of Reference Rates on Friday, April 7, 2023.

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