Major stock exchanges such as the New York Stock Exchange (NYSE) and the Nasdaq close for the day during federal holidays such as Christmas and Independence Day. Both exchanges, which typically close during the weekends, normally run Monday-Friday from 9:30 a.m. – 4 p.m. Eastern Standard Time (EST).
If a holiday falls on a weekend, stock markets may close on Friday prior to the holiday, such as in the case of Good Friday. As we inch closer to the end of the year, you may wonder when the markets will close for the 2023 federal holidays.
This article answers some of the most commonly asked questions regarding bond market holidays. We'll also look at some factors investors should consider before investing in bonds.
Which Holidays is the U.S. Bond Market Closed?
The U.S. bond market is closed on the following holidays:
- New Year's Day
- Martin Luther King, Jr. Day
- Presidents Day (Washington's Birthday)
- Good Friday
- Memorial Day
- Juneteenth National Independence Day
- Independence Day
- Labor Day
- Columbus Day/Indigenous People’s Day
- Veteran’s Day
- Thanksgiving
- Christmas
The bond market follows the same schedule as the U.S. stock market, with the addition of Columbus Day/Indigenous People's Day and Veteran’s Day.
U.S. Bond Market Closures on 2023 Holidays
In 2023, the U.S. bond market will be closed for a holiday on the following dates:
- New Year’s Day: January 2
- Martin Luther King, Jr. Day: January 16
- President’s Day: February 20
- Good Friday: April 7
- Memorial Day: May 29
- Juneteenth National Independence Day: June 19
- Independence Day: July 4
- Labor Day: September 4
- Columbus Day/Indigenous People's Day: October 9
- Veteran’s Day: November 10
- Thanksgiving Day: November 23
- Christmas Day: December 25
Bond Market Early Closures
The U.S. bond market closes at 2 p.m. EST for a partial holiday on the following dates:
- The day before Good Friday
- The Friday before Memorial Day
- The day before Independence Day
- The day following Thanksgiving
- Christmas Eve (when it falls on a normal trading day)
- New Year’s Eve (when it falls on a normal trading day)
Is the Bond Market Open on Christmas Eve and/or New Year’s Eve?
The Securities Industry and Financial Markets Association, which is the trading body that oversees fixed-income trading recommends shorter bond market hours with the market closing at 2 p.m. Therefore, when Christmas Eve and New Year’s Eve fall on a normal trading day, the bond markets will operate on an abbreviated schedule.
During What Hours Does the Bond Market Operate?
The bond market operates during the same time as the U.S. stock market. This means trading hours start at 9:30 a.m. EST, which is 6:30 a.m. Pacific Standard Time (PST) and ends at 4 p.m. EST, which is 1 p.m. PST.
What are the Pre-Market and After Hours Trading Hours for the Bond Market?
The pre-market trading hours of the bond market are from Monday through Friday, opening at 8 a.m. EST and closing at 9:30 a.m. EST. The bond market also allows after-hours trading from 4 p.m. to 8 p.m.
The practice of after-hours trading dates back to the 1900s. Today, electronic communication networks facilitate the execution of trades on weeknights.
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