The U.S. bond market is closed Monday, Oct. 9
The U.S. stock market will be open on Monday, Oct. 9, for Columbus Day and Indigenous Peoples Day. But the bond market won’t be, which is perhaps a bigger deal on Wall Street.
“It should be a quieter day in the stock market,” said David Kelly, chief global strategist at JP Morgan Asset Management, by phone. It also might provide a bit of relief from the sharp selloff in financial markets. As bonds have sold off, so has the S&P 500 index SPX, which in the past week nearly tested a key 4,200 level.“Selling begets more selling,” was how Jack Janasiewicz and Garrett Melson, portfolio strategists at Natixis Investment Managers, summed up the recent Treasury-market tumult. They also view it as a “technically driven overshoot.”
In a positive sign, the 10-year BX:TMUBMUSD10Y and 30-year BX:TMUBMUSD30Y Treasury yields on Thursday were finally edging back from some of the highest levels since the run-up to the 2007-2008 global financial crisis.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The stock market is open Monday for Columbus Day and Indigenous Peoples DayHowever, the bond market is closed Monday, Oct. 9
Read more »
Do Chicago Public Schools hold class on Columbus Day, or Indigenous People's Day?Monday, October 9, is the federal holiday of Columbus Day, which means banks are closed, the United States Post Office does not deliver mail, and more. What\u2026
Read more »
Columbus Day Parade 2023: How to watch the 79th annual celebrationThe 79th Annual Columbus Day Parade returns to Fifth Avenue in New York City on Monday. See it live wherever you stream ABC 7 New York starting at noon.
Read more »
Lightfoot, Pritzker absent from Columbus Day parade amid controversyChicago's source for breaking news and live streaming video online. Covering News, Weather, Traffic and Sports for all of the greater Chicago Area.
Read more »
House Republicans to hold conference meeting on Columbus Day amid speaker fightThe House Republican conference will meet on Columbus Day amid the fight for the speaker's gavel after now-former House Speaker Kevin McCarthy's ouster on Tuesday.
Read more »