Does the US bond market close early on July 2?
The short answer
Yes. SIFMA recommends an early close at 2:00 p.m. Eastern Time (6:00 p.m. UTC) on Thursday, July 2, 2026, for US dollar-denominated fixed income trading, with a full market close on Friday, July 3, 2026.
What SIFMA recommends for July 2
SIFMA's holiday schedule lists an early close at 2:00 p.m. Eastern Time on Thursday, July 2, 2026, the day before the observed Independence Day holiday. A SIFMA press release dated June 18, 2026 confirms the same 2:00 p.m. EST early close for Thursday, July 2, and a full market close on Friday, July 3, 2026.
The early close does not affect the closing time for settlements, according to SIFMA.
Which instruments it covers
According to SIFMA, the recommendation applies 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.
It is a recommendation, not a rule
SIFMA states that 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. SIFMA also notes all recommendations are subject to change due to market conditions.
For comparison, the NYSE calendar lists Friday, July 3, 2026 as the Independence Day market holiday and does not list July 2, 2026 as an early close for NYSE equities.
| Date | Session | US Eastern / UTC |
|---|---|---|
| Thu, July 2, 2026 | Early close | 2:00 p.m. / 6:00 p.m. |
| Fri, July 3, 2026 | Full close | — |
Questions
What time does the bond market close early on July 2?
SIFMA recommends a 2:00 p.m. Eastern Time early close on Thursday, July 2, 2026, which is 6:00 p.m. UTC.
Is the bond market closed on July 3?
SIFMA recommends a full market close on Friday, July 3, 2026, and the NYSE calendar lists that date as the Independence Day holiday.
Is the July 2 early close mandatory for bond firms?
No. SIFMA describes its early and full close recommendations as recommendations only, with each member firm deciding whether its fixed income departments remain open.
Sources
- SIFMA Holiday Schedule
- SIFMA press release on Independence Day 2026 closes
- NYSE Holidays & Trading Hours
Checked against these official sources on October 21, 2026 by the Kairotick team. Rules and schedules change; check the source before you rely on a detail.
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