U.S. stock and bond markets will be closed Monday in observance of the Martin Luther King Jr. holiday, coming as Wall Street absorbs a record-setting run-up for equities.
The Securities Industry and Financial Markets Association, or Sifma, recommends that bond markets are closed, including the dollar-denominated 10-year Treasury note
and markets in the U.K. and Japan. Meanwhile, the New York Stock Exchange and the Nasdaq exchange are closed for the federal holiday.
Meanwhile, there will be no regular trading or settlements, including Nymex crude oil
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