Is the US bond market closed on Christmas Eve?
The short answer
No. The US bond market is not closed on Christmas Eve. SIFMA recommends an early close at 2:00 p.m. Eastern Time on Wednesday, December 24, 2025, with a full close on Christmas Day, Thursday, December 25, 2025.
What happens on Christmas Eve
SIFMA, the trade association that recommends the US fixed income holiday schedule, recommends an early close at 2:00 p.m. EST on Wednesday, December 24, 2025. That is 7:00 p.m. UTC.
The full market close is the next day, Thursday, December 25, 2025, Christmas Day. SIFMA says the early close does not affect the closing time for settlements.
Which bonds this covers
SIFMA says its recommendations apply to trading of US dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds, and secondary money market trading in bankers' acceptances, commercial paper and Yankee and Euro certificates of deposit.
SIFMA states its recommended early and full market closes are recommendations only, and each member firm decides for itself whether its fixed income departments remain open for trading.
The stock market is different
The New York Stock Exchange lists Christmas Day, Friday, December 25, 2026, as a holiday, and an early close at 1:00 p.m. ET on Thursday, December 24, 2026. Those are NYSE equity market hours, not the bond market schedule.
| Date | US Eastern | UTC |
|---|---|---|
| Wed, Dec 24, 2025 | Early close 2:00 p.m. EST | 7:00 p.m. UTC |
| Thu, Dec 25, 2025 | Full close | Full close |
Questions
Is the bond market closed on Christmas Eve?
No. SIFMA recommends an early close at 2:00 p.m. EST on December 24, 2025, not a full close. The full close is Christmas Day, December 25, 2025.
What time does the bond market close on Christmas Eve?
SIFMA recommends a 2:00 p.m. Eastern Time early close on Wednesday, December 24, 2025, which is 7:00 p.m. UTC.
Does the early close change bond settlement times?
No. SIFMA states that previously scheduled early close recommendations do not affect the closing time for settlements.
Sources
- SIFMA — Holiday Schedule
- SIFMA — Fixed Income Market Close Recommendations for the Christmas Day and U.K. Boxing Day Holidays
- NYSE — Holidays & Trading Hours
Checked against these official sources on October 22, 2026 by the Kairotick team. Rules and schedules change; check the source before you rely on a detail.
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