On Monday, October 12 (Eastern Time), the NYSE and Nasdaq will maintain standard trading hours for equities and ETFs, even though Columbus Day is recognized as a federal holiday. However, SIFMA has recommended a full-day closure for U.S. dollar fixed-income securities, so <a s service schedule.
SIFMA Recommends Bond Market Close, Focus on Yield Quote Times
The Securities Industry and Financial Markets Association (SIFMA) has recommended that the market remain closed on October 12 for trading in US dollar fixed-income securities across the US, UK, and Japanese markets. This includes US Treasuries, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds, and mortgage-backed securities. Because this is an industry recommendation, individual institutions may choose whether or not to follow it.
When reviewing US Treasury yields on this date, investors should verify the quote timestamp and real-time market prices.
Bond ETFs listed on US exchanges that remain open for regular trading will continue to function. Investors should monitor bid-ask spreads and confirm the date of the fund’s net asset value (NAV). Discrepancies between an ETF’s market price and its NAV can be affected by bond valuation methods and update timing; these differences should not be used in isolation to determine if a fund is overvalued or undervalued.
Some Payment Services Implement Holiday Schedules; Pay Attention to Arrival of Funds
On Columbus Day, several Federal Reserve financial services will operate on a holiday schedule, though the FedNow instant payment system will remain active. Deposits, withdrawals, and transfers handled through banking channels impacted by the holiday may face delays, depending on specific notices from individual banks and brokerages.
Investors intending to trade on this day should confirm their available account balances and transfer statuses ahead of time, while checking trading hours and fund arrival times separately.
When Is the Next US stock market will close early at 13:00 Eastern Time.Holiday
U.S. Stock Regular Trading Schedule
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