Is the Bond Market Open on the Day After Thanksgiving 2026? SIFMA Hours
November 27
Is the Bond Market Open on the Day After Thanksgiving 2026? SIFMA Hours
US Bond Market (SIFMA) close early at 2:00 pm local on Friday, for Day After Thanksgiving (Early Close).
- Next holiday
- Christmas Eve
- Regular hours
- 8:00 am to 5:00 pm ET
Full schedule and background: Bond Market Holidays.
Updated
The US bond market closes early on Friday, November 27, 2026, the day after Thanksgiving. SIFMA (the Securities Industry and Financial Markets Association) recommends that fixed income trading desks close at 2:00 pm local time, three hours earlier than the usual 8:00 am to 5:00 pm ET session. This is a recommendation, not a mandatory shutdown, so some desks may keep slightly different hours, but the vast majority of dealers follow it. Equity markets also close early that day. Full schedule and background: Bond Market Holidays.
Because it is an early close rather than a full closure, orders placed before 2:00 pm ET on bonds will still execute that day. Settlement, which for most US Treasury and corporate bond trades happens on a T+1 basis, is not affected by the shortened session, but trades placed right at the close may see wider spreads and thinner liquidity than normal.
Which markets are closed on the Day After Thanksgiving 2026?
| Market | Status | Notes |
|---|---|---|
| US Bond Market (SIFMA) | Early close, 2:00 pm ET | Recommended early close for Treasuries, agency and corporate bonds |
| NYSE (equities) | Early close, 1:00 pm ET | 1:15 pm ET for eligible options, per NYSE trading hours |
| Nasdaq (equities) | Early close, 1:00 pm ET | Follows the same early close as NYSE |
| CME futures | Early close (varies by product) | Most financial and commodity futures close early; check the specific contract |
| Options (US) | Early close, 1:15 pm ET | Same day as equities |
| London Stock Exchange (LSE) | Open (regular hours) | Thanksgiving is a US holiday only |
| Euronext | Open (regular hours) | No observance of the US holiday |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | No observance of the US holiday |
Is the market open the day before and after?
Thursday, November 26, 2026 is Thanksgiving Day itself, when the bond market and equity markets are fully closed in the United States. Wednesday, November 25, 2026 trades at regular hours in both bonds and equities. On Friday, November 27, 2026, the bond market closes early at 2:00 pm ET and equities close early at 1:00 pm ET. The next full trading day with normal hours is Monday, November 30, 2026.
Why do markets close for Thanksgiving?
Thanksgiving has been a fixed US federal holiday on the fourth Thursday of November since 1941, and financial markets have observed the full closure for decades as staff take the day off with families. The early close on the following Friday became standard practice because trading volumes drop sharply as many traders extend the holiday into a long weekend, so exchanges and SIFMA shortened the session rather than run a full day with thin liquidity.
What It Means for Your Money
If you place a bond or equity trade after the early close on November 27, 2026, it queues for execution when the market reopens on Monday, November 30, 2026. Settlement dates shift accordingly, so anyone relying on a trade settling by a specific date should factor in the early close. Dividend payments and options expirations scheduled for that Friday are generally processed as normal but with a shortened window, so check with your broker if timing matters. Bank wire transfers and payroll runs tied to bond settlement can also be affected if they depend on same-day processing after 2:00 pm ET. Cryptocurrency markets are unaffected, since they trade 24 hours a day, seven days a week, regardless of US holidays.
Remaining SIFMA Bond Market Holidays in 2026
- Christmas Eve (Early Close), December 24, 2026, close at 2:00 pm local
- Christmas Day, December 25, 2026, fully closed
- New Year’s Eve (Early Close), December 31, 2026, close at 2:00 pm local
Frequently Asked Questions
Is the bond market open on the Day After Thanksgiving 2026?
Yes, but only until 2:00 pm ET. SIFMA recommends an early close on Friday, November 27, 2026.
Is the stock market open on the Day After Thanksgiving 2026?
Yes, the NYSE and Nasdaq are open but close early at 1:00 pm ET (1:15 pm ET for eligible options).
What time does the bond market close on November 27, 2026?
SIFMA recommends US fixed income desks close at 2:00 pm local time, three hours earlier than usual.
When is the next bond market holiday after this one?
The next SIFMA holiday is Christmas Eve (Early Close) on December 24, 2026, followed by a full closure on Christmas Day.
Are banks open on the Day After Thanksgiving 2026?
Most US banks are open for regular business, though some branches may have reduced hours as it is not a federal bank holiday.