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Re: trueblue24 post# 101196

Thursday, 11/10/2016 7:12:27 PM

Thursday, November 10, 2016 7:12:27 PM

Post# of 245848
Veterans Day: Most Markets Open Friday

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

Courts
Federal -- closed
State -- closed

U.S. Post Offices
Closed


Schools
Public -- closed
Parochial -- closed



https://secure.marketwatch.com/story/veterans-day-which-stock-and-bond-markets-are-closed-2016-11-10?link=MW_story_latest_news

http://www.silive.com/news/index.ssf/2016/11/veterans_day_2016_whats_open_a.html



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