2021 has brought with it many changes and not the least of them (ok, maybe the very least of them as how many really care about WHEN an index mark is noted, aside from those who GAME the timing), is market closures for holidays.
That in mind (AND in effort to build upon what it is we learned back in JANUARY when it was noted / passed along that 4pm would be the new 3p) — only to become abundantly clear after Feb’s weaker than weak 7yr auction (rates popped 20bps THEN DROPPED into said monthly close), HERE is the latest notice from the keeper of the indices as it relates TO Friday’s early close.
This from some coverage, noting the release
… states that the typical 4pmET index snap will now be at 1pmET for early close days ie. this Friday. Since the index closing time changed from 3pmET to 4pmET starting in January this year, the snap has been at 2pmET for early close days with electronic platforms shutting down UST liquidity at 2:30pmET. While it seems that the platforms will still be open until 2:30pmET this Friday, please note this index shift from 2pmET to 1pmET…
Got it? NOW lets see a show of hands as to WHO’s actually gonna be ‘round to carry out all these duties (and lets be thankful it’s NOT month - end!).
Carry on, my wayward sons…