U.S. Veterans Day: Treasury cash markets closed, stocks and Treasury futures trading as usual

(1) Due to Veterans Day in the United States (November 11), the U.S. cash bond market will be closed today, resulting in the temporary absence of the important U.S. Treasury yield as a pricing reference in the market. (2) However, the U.S. stock market will open as usual, and CME’s U.S. Treasury futures will also continue trading as normal, but the EIA data originally scheduled for release on Wednesday will be postponed to 1:00 am Beijing time on Friday. (3) It should be noted that U.S. Treasury cash trading and futures trading are different products: the former involves buying and selling actually issued bonds, while the latter are standardized futures contracts based on U.S. Treasuries.