Monday will be an especially noteworthy day on America’s calendar — and it’s one that will be marked by various closings, including that of financial markets.

Key Takeaways U.S. stock and bond trading will pause on Monday in honor of Martin Luther King Jr. Day, which this year coincides with a presidential inauguration.CME Group will pause trading in U.S. markets,

Stocks closed out the week with a bang as Treasury yields retreated from recent highs. Optimism is swirling ahead of President-elect Donald Trump's inauguration on Monday, which also happens to be a stock market holiday. Indeed, both the equities and bond markets will be closed in observance of Martin Luther King Jr. Day.

Martin Luther King Jr. Day, a federal holiday on which many people, including students, are off. It's also a day when many may reflect on the civil rights leader and his famous "I Have a Dream" speech.