Is the US bond market closed on Columbus Day?
The short answer
Yes. SIFMA recommends a full market close on Columbus Day, Monday, October 12, 2026, for trading of US dollar-denominated fixed income securities in the US, UK and Japan. SIFMA notes these are recommendations only, and each member firm decides whether its fixed income departments stay open.
What closes on Columbus Day
SIFMA's recommendation covers 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 lists Columbus Day, Monday, October 12, 2026, on its holiday schedule. The same date is Japan's Health and Sports Day, which is why the recommendation covers the US, UK and Japan together.
It is a recommendation, not a rule
SIFMA states that its recommended early and full market closes are recommendations only. Each member firm decides for itself whether its fixed income departments remain open for trading, and all recommendations are subject to change due to market conditions.
SIFMA's holiday schedule does not list an early close for the trading day before Columbus Day in 2026.
What the stock and futures calendars show
The NYSE holiday calendar does not list Columbus Day as a market holiday in 2026, 2027 or 2028, so the equity market schedule differs from the bond market recommendation.
CME Group states that on Monday, October 12, 2026, all products will settle at their normal times for the Columbus Day holiday, and that it will derive and disseminate settlement prices for CME, CBOT, NYMEX and COMEX. CME also states it will not derive or disseminate Term SOFR Benchmark Rates that day; rates derived on Friday, October 9 will be published Tuesday, October 13 at 5:00 a.m. CT.
| Market or source | Date | What it says |
|---|---|---|
| SIFMA fixed income | Mon, Oct 12, 2026 | Full close recommended |
| NYSE | Mon, Oct 12, 2026 | Not listed as a holiday |
| CME Group | Mon, Oct 12, 2026 | Normal settlement times |
Questions
Is the bond market closed for Columbus Day?
SIFMA recommends a full close for US dollar-denominated fixed income trading on Columbus Day, Monday, October 12, 2026. Individual firms make their own decision on staying open.
Is the bond market closed on Columbus Day 2025?
Yes. SIFMA confirmed a full market close recommendation for Monday, October 13, 2025, for US dollar-denominated fixed income trading in the US, UK and Japan.
Does the NYSE close on Columbus Day?
The NYSE holiday calendar does not list Columbus Day among its holidays for 2026, 2027 or 2028.
Are Term SOFR rates published on Columbus Day 2026?
CME Group states it will not derive or disseminate Term SOFR Benchmark Rates on Monday, October 12, 2026. Rates derived on Friday, October 9 will be published Tuesday, October 13 at 5:00 a.m. CT.
Sources
- SIFMA press release: Columbus Day 2026 fixed income close recommendation
- SIFMA Holiday Schedule
- SIFMA press release: Columbus Day 2025 fixed income close recommendation
- CME Group: Columbus Day Holiday Settlement Times 2026
- NYSE: Holidays and trading hours
Checked against these official sources on October 18, 2026 by the Kairotick team. Rules and schedules change; check the source before you rely on a detail.
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