The U.S. cash bond market will be closed on Monday, October 12, in observance of Columbus Day, according to the Securities Industry and Financial Markets Association (SIFMA). While the cash Treasury market suspends trading for the federal holiday, U.S. equity markets and CME Treasury futures will operate on normal schedules. Market participants should note the distinction between trading venues during the holiday closure. The shutdown applies specifically to physical cash bonds, including Treasuries, corporate debt, and commercial paper, while standardized Treasury futures contracts remain fully tradable throughout the session.