US Stock Markets Open on October 12 as Bond Market Closes

US investors will be able to trade stocks as usual on Monday, October 12, 2026, even as the bond market, banks and federal offices close for Columbus Day, also observed as Indigenous Peoples Day in some jurisdictions. The differing schedules could reduce liquidity across financial markets as traders monitor geopolitical risks involving Iran and elevated US Treasury yields.

According to the 2026 trading calendars cited by Yahoo Finance and Saving Advice, the New York Stock Exchange (NYSE) and Nasdaq will maintain their regular hours, from 9:30 a.m. to 4 p.m. Eastern Time. Neither exchange has scheduled an early close for the holiday.

The Securities Industry and Financial Markets Association (SIFMA) recommends a full closure of US dollar-denominated fixed-income trading on Monday. The recommendation covers the cash Treasury market in the United States, United Kingdom and Japan, although individual firms determine their own operating arrangements.

US banks and federal government offices will also be closed, according to the published holiday schedules. With federal offices shut, no major federal economic data releases are scheduled for the day, while some bank transfers and financial settlements may be delayed until normal operations resume.

CME Group futures markets will remain open, according to investingLive. However, the absence of trading in the underlying cash Treasury market means futures prices could move without the usual reference point from cash bonds, particularly when trading volumes are lighter.

The holiday will also affect international trading activity. Japan will observe Health and Sports Day, while Canada will mark Thanksgiving, leaving major financial centers in both countries closed. These overlapping holidays are expected to reduce participation in foreign exchange and futures markets.

The market schedule comes as US 10-year Treasury yields have reached their highest level in 24 years this week, according to investingLive. Developments involving the Iran conflict could also influence oil prices, currencies and other assets during the extended holiday period.

InvestingLive reported that The New York Times said US military options for a short campaign against Iran were ready should President Donald Trump change course. Trump has pledged not to strike Iran before the midterm elections, according to the report.

Because crude futures and cryptocurrency markets can trade outside traditional stock and bond market hours, significant weekend developments could affect prices before the cash bond market reopens. The closure means bond traders may have to respond to accumulated news when regular trading resumes.

For individual investors, the distinction between stock trading and banking operations is important. A stock or exchange-traded fund order may execute during Monday's regular session, but related cash transfers or settlement processes may not follow their usual timetable, according to Saving Advice.

Investors holding mutual funds should also account for differences in transaction processing. Mutual funds generally calculate their net asset values after the trading day rather than providing continuous intraday execution, while individual fund policies can affect how transactions are handled during market holidays.

The remaining scheduled NYSE and Nasdaq closures in 2026 include Thanksgiving Day on Thursday, November 26, and Christmas Day on Friday, December 25. Both exchanges will also close early at 1 p.m. Eastern Time on Friday, November 27, and Thursday, December 24, according to Yahoo Finance.

Veterans Day on Wednesday, November 11, will follow a similar split schedule to Columbus Day: US stock exchanges are scheduled to remain open, while SIFMA recommends closing the bond market. Normal US stock and bond market operations are scheduled to resume on Tuesday, October 13, 2026, after the Columbus Day holiday.