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Bond market holidays 2026 (SIFMA)

The US bond market closes on 11 days in 2026 and closes early, at 2:00 p.m. ET, on 5 more. Its calendar is set by SIFMA, not the NYSE, and it doesn't match the stock market's.

Beginner guide · 6-minute read · Updated 2026-11-01

The 2026 bond market holidays

The US bond market is closed on 11 days in 2026. The schedule comes from SIFMA (the Securities Industry and Financial Markets Association), the trade group for bond dealers and banks.

Source: sifma.org.

Two of those days are normal trading days for stocks: Columbus Day (October 12) and Veterans Day (November 11). On those days you can trade stocks, ETFs and stock options, but the cash bond market is shut.

The 2026 early closes

SIFMA also recommends closing early, at 2:00 p.m. ET, on the day before or after some holidays:

Source: sifma.org.

And one special case. On Good Friday, April 3, 2026, SIFMA's call for that day: early close 12:00 p.m. ET (not a full close). Stocks were closed all day. Bonds traded in the morning because the March jobs report came out that day.

Two things to know about all of these:

• They're recommendations. SIFMA advises; each firm decides.
• They don't change settlement. An early close shortens the trading day. It doesn't move when trades settle.

Why bonds close on days stocks trade

The bond market runs on the banking calendar. Bonds trade between dealers and banks, and the money moves through the banking system. When banks close for a federal holiday, the bond market closes with them.

The NYSE keeps its own list. It doesn't close for Columbus Day or Veterans Day, so stocks trade while bonds rest. It does close on Good Friday, which isn't a federal holiday, while bonds stay open for part of the day.

Here's where the two calendars split in 2026:

The stock market's own list is on our stock market holidays 2027 page, and the half days for both are on stock market half days. The Veterans Day split has its own page: is the stock market open on Veterans Day?

What about 2027?

SIFMA publishes each year's schedule ahead of time. Check SIFMA's holiday schedule page before you plan around a 2027 bond date. I list only the dates we've confirmed, and SIFMA's 2027 rows aren't confirmed here yet.

What you can count on: the bond market tends to close on the same federal holidays each year, and it tends to close early the day before a long weekend. The exact dates come from SIFMA, not from a pattern.

Does this matter if you only trade stocks?

Sometimes. A closed bond market can still touch a stock trader:

• Bond ETFs keep trading. They're listed on the stock exchange, so they're open on Columbus Day and Veterans Day. But the bonds inside them aren't trading, so the ETF's price can sit a little further from the value of its holdings than usual.
• Rate-sensitive stocks have no fresh bond signal. Banks, homebuilders and utilities often move with bond yields. On a bond holiday there's no live Bond yield to react to.
• Cash parked in Treasuries. If you hold Treasury bills as the cash behind your trades, you can't sell them through the bond market on a closed day. Plan ahead if you might need that cash.

A worked example (hypothetical)

Here's a made-up case, an illustration, not a trade idea.

You own 10 bonds from a made-up company, Riverbend Utilities. Each has a $1,000 face value. On New Year's Eve 2026 you plan to sell them at 3:00 p.m., at a price of $96 per $100 of face value. That would bring in $9,600.

But your broker's bond desk follows SIFMA, and it closes at 2:00 p.m. that day. The bonds wait for the next bond trading day after the New Year holiday. By then, the price has changed.

The math at $95: 10 bonds × $1,000 × 0.95 = $9,500. That's $100 less than the $9,600 you planned on.

The size of the move isn't the point. The point is that the bond desk closed two hours before the stock market's usual close, on a day stocks traded a full session.

For every other key date of the year, from Fed meetings to options expirations, see the economic calendar 2027.

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