Government Debt Auctions – A Week of Changes

Many government debt auction calendars are set well in advance—whether annually, semi-annually or quarterly. But these schedules only give the appearance of stability. In reality, they remain subject to change at short notice. 

🔔 This Week’s Changes 

🔹 Australia added an auction for January 27

🔹 Belgium cancelled an auction scheduled for January 26 

🔹 Norway held a last-minute syndication on January 27 and cancelled the auction scheduled for January 28  

🔹 Portugal added an auction for January 28 

At Swaps Monitor, we monitor dates and times of over 100 government debt auctions in 25 countries and stay on top of every change – so you’re never caught off guard. 

Anticipate. Plan. Trust. 


📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events

📨 For more information, contact us at: info@swapsmonitor.com 

📌 New Zealand Business Day (NZBD) – Calendar Update 

Following guidance from the New Zealand Financial Markets Association (NZFMA), changes to the NZBD calendar take effect this week

✅ What’s Changing 

  • 19 January – Wellington Anniversary Day 
  • 26 January – Auckland Anniversary Day 

➡️ Both dates will now be treated as good days for the NZBD calendar

📊 What’s Affected 

  • Wholesale OTC market transactions and settlement 
  • Price fixing conventions 
  • FX value date calculations 
  • Foreign currency deposit activity 

Swaps Monitor Code 

NMA – NZFMA-recommended non-business days 

At Swaps Monitor, we keep you aligned with global market conventions — wherever you trade. 

Anticipate. Plan. Trust. 


📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays

📨 For more information, contact us at: info@swapsmonitor.com 

Why Projections Matter

At Swaps Monitor, our philosophy is simple: get it right the first time.

Every time a holiday changes, it costs our customers time and sometimes money. Settlement dates need to be reset, trade confirmations adjusted, valuations changed, and option expiry dates modified. We are very aware of these costs and invest heavily in getting it right in the first place.

A Case in Point

📅 Mumbai 2026 Holidays

India’s holidays are very complex – blending lunar and solar calendars with political decisions about which festivals to favor. Dates shift every year.

The official government holidays for 2026 in Mumbai were not announced until December, 2025. Yet we had already projected them correctly—no update required.

The Swaps Monitor Advantage

✔️ Nearly four decades of expertise
✔️ 50+ specialists, speaking 39 languages
✔️ Real-time monitoring
✔️ Over 70% of resources devoted to research
✔️ Four global offices covering all time zones
✔️ Proprietary algorithms built on deep knowledge

Anticipate. Plan. Trust.


📄 Explore our product: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline

📨 For more information, contact us at: info@swapsmonitor.com 

The Year that was: 2025 Highlights

📊In Numbers

  • 42% of holiday changes were announced within 7 days of observance
  • New Year’s Day and Christmas Day were the most observed holidays worldwide
  • 32% of trading hours changes occurred on the same day
  • 67% of our trading hours markets observed irregular hours (early closes, halts, etc.) on at least one day
  • 19 exchanges experienced unplanned trading halts

🏆 Rankings

  • Most Bank Holidays
    1️⃣
    Iran — 35 days
    2️⃣ Maldives — 27 days
    3️⃣ Myanmar — 26 days
  • Stock Exchanges with the Most Available Trading Hours
    1️⃣
    Russia – 4,127 hours
    2️⃣ Kazakhstan – 2,500 hours
    3️⃣ Belgium, France, Luxembourg, Netherlands, Portugal, and Spain – 2,155 hours each

 📌 Highlights from our Journey

  • Partnered with leading exchanges, including BME, 24X, and Blue Ocean
  • Holiday coverage surpassed 2,000 financial centers
  • Expanded expiry dates coverage to 1,500+ contracts
  • Delivered trading hours for 3,000+ markets worldwide
  • Celebrated 38 years of delivering the most accurate and reliable data

💡 In 2026, we look forward to building stronger partnerships and providing our customers with data they can trust, always! 

Anticipate. Plan. Trust.


👉To learn more about the methodology behind these numbers, contact us at info@swapsmonitor.com.

📄 Explore our products: 

🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second 
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events