Aw man, bond traders always get the holidays off!
Some U.S. financial markets will be open, and some closed, on Monday, October 14 in observance of the federal holiday Columbus Day.
In contrast, SIFMA, the Securities Industry and Financial Markets Association, has recommended that the bond market be closed. While there have been glimmers of hope, including an uptick in early trading on Wednesday, most investor attention remains pinned on the outcome of high-level U.S.-China trade talks this week and an expected interest-rate cut by the Federal Reserve later in the month.The longer investor nerves remain jangled, the more doubts creep into the market. “This is serious,” wrote Deutsche Bank Chief Economist Torsten Slok after the release of dismal manufacturing numbers earlier in the month.
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