Bond Group Seeks 9/11 Moments of Silence

The Bond Market Association has recommended that there be two moments of silence on Sept. 11 to commemorate nearly 1,000 market participants who lost their lives in the terrorist attacks on that day in 2001, among them a number of mortgage-backed securities professionals.The association suggested that the moments of silence be observed at 8:46 a.m. EDT, the time the first of two hijacked planes involved in the attacks hit New York's World Trade Center, and 10:29 a.m. EDT, the time the second WTC tower collapsed as a result of the attacks. The group said its recommendations apply to trading of U.S. 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. The association can be found online at http://www.bondmarkets.com.