Is the Bond Market Open on Thanksgiving Day 2026? SIFMA Hours
November 26
Is the Bond Market Open on Thanksgiving Day 2026? SIFMA Hours
US Bond Market (SIFMA) are closed on Thursday, for Thanksgiving Day.
- Next holiday
- Day After Thanksgiving
- 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 Thursday, November 26, 2026 for Thanksgiving Day, according to the SIFMA holiday schedule, which sets recommended trading hours for US fixed income markets. This closure applies to Treasuries, agency securities, mortgage-backed securities and most other US dollar debt instruments traded through SIFMA member firms. Orders placed on the day will not be executed until the market reopens, and settlement of any trades from the prior session will be pushed back by one business day. For the full run of dates through the year, see the bond market holiday calendar.
Because Thanksgiving falls on a fixed weekday (the fourth Thursday of November) rather than a fixed date, the holiday moves each year, but the closure itself is consistent: SIFMA has recommended a full close of the US bond market on Thanksgiving Day every year for decades, mirroring the equity market closure observed by the New York Stock Exchange and Nasdaq.
Which markets are closed on Thanksgiving Day 2026?
| Market | Status | Notes |
|---|---|---|
| US equities (NYSE, Nasdaq) | Closed | Standard NYSE and Nasdaq holiday schedule |
| US bond market (SIFMA members) | Closed | Recommended full close for Treasuries, agencies and MBS |
| US options | Closed | Follows equity market schedule |
| CME futures (US) | Closed or limited hours | Most CME product groups halt trading for the session; check the exchange calendar for exact times |
| London Stock Exchange (LSE) | Open (regular hours) | Thanksgiving is not a UK public holiday |
| Euronext | Open (regular hours) | Not observed in continental Europe |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | Not a Japanese holiday |
Because Thanksgiving is a US-only holiday, investors in the UK, Europe and Asia can still trade shares, gilts, bunds and other local instruments as normal on November 26, 2026. The main effect abroad is lower liquidity in US dollar bonds and reduced overnight trading volumes on desks that deal directly with US counterparties, since American trading floors are shut for the day.
Is the market open the day before and after?
The bond market operates on regular hours, 8:00 am to 5:00 pm ET, on Wednesday, November 25, 2026, the trading day immediately before Thanksgiving. There is no early close scheduled for that Wednesday under the SIFMA recommendation. The market reopens on Friday, November 27, 2026, but with a shortened session: SIFMA recommends an early close at 2:00 pm ET for the Day After Thanksgiving, one of the lightest-volume sessions of the year as many traders take the extended weekend off.
This pattern, a full closure followed by an early close the next day, is one of the most predictable features of the US trading calendar and is worth noting if you have orders, wire transfers or bond settlements scheduled around the holiday period.
Why do markets close for Thanksgiving Day?
Thanksgiving has been a US federal holiday since 1863 and is fixed by law to the fourth Thursday of November. US financial markets, including the bond market, equities and futures exchanges, have long closed in observance, reflecting both the federal holiday status and the practical reality that staffing and client activity fall sharply during the holiday week.
The shortened session the following day, often called Black Friday in retail circles, became a fixture of the SIFMA and NYSE calendars because volumes are typically thin as traders extend the holiday weekend, making a full trading day unnecessary for most market participants.
What It Means for Your Money
If you are a retail investor holding a brokerage account, any bond trade you attempt to place on Thanksgiving Day will simply queue and execute once the market reopens, so there is no risk to open orders beyond the delay itself. Settlement of trades executed the day before the holiday will take an extra business day to clear, since settlement cycles count only business days, which can matter if you are relying on funds from a bond sale to cover a near-term payment.
Bond coupon payments and interest accruals are calculated on calendar days, so a market closure does not change how much interest you earn, only when a payment might be processed if it happens to fall on the holiday. Bank wire transfers and ACH payments in the US typically do not process on Thanksgiving Day either, so anyone waiting on a transfer tied to a bond maturity or coupon should expect it to land on the next business day rather than the holiday itself. Mortgage rate movements, which are closely tied to Treasury yields, are effectively frozen for the day since the underlying bond market is shut, so there is unlikely to be any meaningful rate change until trading resumes. Cryptocurrency markets, by contrast, trade 24 hours a day and are unaffected by the Thanksgiving closure.
Remaining SIFMA Bond Market Holidays and Early Closes in 2026
- Day After Thanksgiving (Early Close), November 27, 2026, close at 2:00 pm ET
- Christmas Eve (Early Close), December 24, 2026, close at 2:00 pm ET
- Christmas Day, December 25, 2026, closed
- New Year’s Eve (Early Close), December 31, 2026, close at 2:00 pm ET
Frequently Asked Questions
Is the bond market open on Thanksgiving Day 2026?
No. The US bond market is closed on Thursday, November 26, 2026, following the SIFMA recommended holiday schedule.
Is the stock market also closed on Thanksgiving?
Yes. The NYSE and Nasdaq are closed on the same day, so equities, options and the bond market all observe the holiday together.
What time does the market close the day after Thanksgiving?
SIFMA recommends an early close at 2:00 pm ET on Friday, November 27, 2026, the Day After Thanksgiving.
When is the next bond market holiday after Thanksgiving?
The next date on the calendar is the Day After Thanksgiving early close on November 27, 2026, followed by Christmas Eve and Christmas Day in December.
Are banks open on Thanksgiving Day?
No. US banks are generally closed on Thanksgiving Day, alongside the stock and bond markets, so wire transfers and in-branch services resume the next business day.