Finance

Navigate Holiday Trading: How US Bond and Stock Markets Will Operate Through Year-End

U.S. bond market closes for Veterans Day, while stocks trade normally, with more holiday schedule changes ahead.

November 7, 2025, 8:39 AM

Close-up of the New York Stock Exchange facade with gold lettering and columns.

A close-up of the neoclassical facade of the New York Stock Exchange on Wall Street. By Rob Crandall / Shutterstock.com.

Executive Summary

The U.S. bond market will close on Tuesday, November 11th, for Veterans Day, while stock markets will operate normally.

Both U.S. bond and stock markets will close for Thanksgiving on November 27th and Christmas Day on December 25th, with modified early closing hours on the preceding days.

Both bond and stock markets will be fully closed on January 1st for New Year’s Day, with bond trading ending early on New Year’s Eve.

The Story So Far

U.S. bond and stock markets adhere to a series of scheduled closures and modified trading hours through the end of the calendar year, aligning with traditional holiday observances such as Veterans Day, Thanksgiving, Christmas, and New Year’s Day.

Why This Matters

The upcoming series of holiday closures and modified trading hours for U.S. bond and stock markets will necessitate careful planning for investors and traders. These reduced trading windows could lead to decreased liquidity and potentially higher volatility, especially if significant economic news or geopolitical events occur during off-market hours, influencing price movements when markets reopen.

Who Thinks What?

The U.S. bond market is scheduled for several holiday closures and early trading halts, including full closures on Veterans Day, Thanksgiving, Christmas Day, and New Year’s Day.

Stock markets will observe normal operating hours on Veterans Day but will have modified or closed schedules for Thanksgiving, Christmas Eve, Christmas Day, New Year’s Eve, and New Year’s Day.

The scheduled market closures and early trading halts are set to align with traditional holiday observances, providing market participants with a clear outline of operating hours.

The U.S. bond market is scheduled to close on Tuesday, November 11th, in observance of Veterans Day, while stock markets will maintain normal operating hours. This marks the initial adjustment in a series of holiday-related closures and modified trading schedules for both markets through the end of the calendar year.

Upcoming Market Schedules

Following Veterans Day, both the U.S. bond and stock markets will close for Thanksgiving on November 27th. Trading is set to resume on November 28th, though with truncated hours, concluding at 1 p.m. for stocks and 2 p.m. for bonds.

Ahead of the Christmas holiday, markets will again operate on a modified schedule. On December 24th, the stock market will close at 1 p.m., and the bond market at 2 p.m. Both markets will then remain closed for the entire Christmas Day holiday on December 25th.

To conclude the year, bond trading will finish early at 2 p.m. on December 31st, New Year’s Eve. Both the bond and stock markets will be fully closed on January 1st in observance of New Year’s Day.

These scheduled closures and early trading halts align with traditional holiday observances, providing market participants with a clear outline of operating hours for the remainder of the year.