However, Bond Investors, who can use the rest after being pummeled over the past few days, have Veterans Day off !
So, why do bond investors get a day off and equity investors, not so much ?
Here’s a bit of history:
Veterans Day, which is meant to pay homage to U.S. military service members, used to be celebrated by stock and bond markets alike, starting as far back as 1938 (some put the date back to 1921).
Back in 1938, Veterans Day was declared a legal holiday to be celebrated on Nov. 11, known as Armistice Day.
Over the years, the date has shifted. That is one possible reason why the market’s observation of the holiday is so spotty.
Wall Street used to observe Veterans Day with a brief two-minute shutdown from 1954 to 2006, but that ended in 2007.
One simple explanation for why bond markets close on Veterans Day may be the fact that the U.S. Treasury Department is closed on the federal holiday.
That means Treasury's — a big chunk of typical trading activity on regular days and a key benchmark — are also forced to take a holiday.
Veterans Day 2016: What's open, closed
Financial Markets Open
Government Offices City -- closed State -- closed Federal -- closed