Personal Finance & Money Asked on March 22, 2021
The stock market is indeed open for a full trading session on New Year’s Eve, Thursday, Dec. 31, 2020. But for what it’s worth, bond traders do get a slightly shortened day; the bond markets will close up shop a little early, at 2 p.m. ET.
Why do bond markets close slightly early (at 2 p.m. ET) on December 31 whereas the stock market closes at the regular time?
An answer by Michael Malone:
The bond market (even US-based) is primarily an international market. The rest of the world, especially Europe and Asia were already drinking champagne out of each other's slippers.
That'd be great to confirm this with some statement from the bond market officials.
Correct answer by Franck Dernoncourt on March 22, 2021
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