Is the Bond Market Open on Columbus Day 2026? SIFMA Hours
October 12
Is the Bond Market Open on Columbus Day 2026? SIFMA Hours
US Bond Market (SIFMA) are closed on Monday, for Columbus Day.
- Next holiday
- Veterans Day, November 11, 2026
- Regular hours
- 8:00 am to 5:00 pm ET
Full schedule and background: Bond Market Holidays.
Updated
The US bond market is closed on Monday, October 12, 2026 for Columbus Day, following the recommendation of the Securities Industry and Financial Markets Association (SIFMA), the trade body that sets US fixed income trading hours. Stocks are a different story: the New York Stock Exchange and Nasdaq stay open for regular trading on this date, because equity exchanges do not observe Columbus Day. Any bond trades you might place on October 12 will need to wait until the next SIFMA session, and settlement on trades already in the pipeline can shift by a day. For the full year’s schedule, see the bond market holiday calendar.
Which markets are closed on Columbus Day 2026?
| Market | Status | Notes |
|---|---|---|
| US Bond Market (SIFMA) | Closed | Recommended close for Treasuries, agency, corporate and municipal bond trading |
| NYSE and Nasdaq (equities) | Open (regular hours) | Columbus Day is not an equity market holiday |
| CME futures | Open (regular hours, some fixed income products may see reduced trading) | Interest rate futures pits often quiet, but markets remain open |
| Options (US) | Open (regular hours) | Follows equity market hours, not the bond market calendar |
| London Stock Exchange (LSE) | Open (regular hours) | Columbus Day is a US-only observance |
| Euronext | Open (regular hours) | Not observed in Europe |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | Not observed in Japan |
Is the bond market open the day before and after?
The bond market trades regular hours, from 8:00 am to 5:00 pm ET, on Friday, October 9, 2026, the last full session before the holiday. It reopens with normal hours on Tuesday, October 13, 2026. There is no early close attached to Columbus Day itself, only a full closure. Stock exchanges do not close or shorten hours around this date at all, since they treat October 12 as an ordinary trading day.
Why do markets close for Columbus Day?
Columbus Day has been a federal holiday in the United States since 1937, marking Christopher Columbus’s arrival in the Americas in 1492. Because it is a federal holiday, US government offices close, and SIFMA recommends that bond markets, which handle large volumes of government debt, follow suit. Equity exchanges made a separate decision decades ago to keep trading through Columbus Day, which is why stocks and bonds now run on different calendars for this particular date.
What It Means for Your Money
If you try to buy or sell Treasuries, municipal bonds or other fixed income products through a broker on October 12, your order will typically queue for execution on the next open session, October 13. Settlement, the point at which cash and securities actually change hands, follows a T+1 (trade date plus one business day) cycle for most bonds, so a delayed trade date pushes the settlement date back too. Bank transfers and payroll processing are unaffected, since Columbus Day is not a full bank holiday everywhere and stock trading continues as normal. Anyone holding equities or equity options sees no disruption at all. Cryptocurrency markets, which trade 24 hours a day, are unaffected by any of this.
Remaining Bond Market holidays in 2026
- Veterans Day: closed, Wednesday, November 11, 2026
- Thanksgiving Day: closed, Thursday, November 26, 2026
- Day After Thanksgiving: early close at 2:00 pm ET, Friday, November 27, 2026
- Christmas Eve: early close at 2:00 pm ET, Thursday, December 24, 2026
- Christmas Day: closed, Friday, December 25, 2026
- New Year’s Eve: early close at 2:00 pm ET, Thursday, December 31, 2026
Frequently Asked Questions
Is the stock market open on Columbus Day 2026?
Yes, the NYSE and Nasdaq trade regular hours on Monday, October 12, 2026, since equity markets do not observe Columbus Day.
Is the bond market open on Columbus Day 2026?
No, US bond markets are closed on October 12, 2026, following the SIFMA recommended holiday schedule.
What time does the bond market normally close?
SIFMA recommends bond market hours of 8:00 am to 5:00 pm ET on regular trading days.
When is the next market holiday after Columbus Day?
The next holiday on the SIFMA calendar is Veterans Day, November 11, 2026.
Are banks open on Columbus Day?
Many US banks and federal offices close for Columbus Day, though branch hours can vary by institution, so it is worth checking with your own bank.