The July 3 Paradox: Is it Really a Holiday in the US?
It’s been one of our most frequently asked questions recently—and the answer: it depends.
When a holiday falls on a Sunday in the US, the following Monday is almost always a holiday. But it’s a different story with Saturday holidays.
This year July 4, Independence Day, falls on a Saturday. Of our 145 financial centers that observe Independence Day, 103 will have a holiday on the preceding Friday, July 3 (none will be closed the following Monday).
Starting in the late-1950s, the New York Stock Exchange began closing on the Friday preceding a Saturday holiday. Seven decades later, the banking system still does not do this.
As a rule of thumb, financial centers in the US that are closely connected with the banking system will be open on July 3, while those closer to the stock exchange will be closed. Those without a strong connection to either will do as they please.
That’s why, at Swaps Monitor, we maintain separate calendars for different market functions—giving our clients the precision and granularity they need to operate with confidence.
Anticipate. Plan. Trust.
📄 Explore our products:
🔗 Holidays – Correctly anticipate future holidays
🔗 Trading Hours – Know your trading window, down to the second
🔗 Expiry Dates – Never miss a deadline
🔗 Economic Events – Keep current on economic events
📨 For more information, contact us at: info@swapsmonitor.com