US Markets Closed for Independence Day Holiday, Leading to Limited Liquidity

US cash markets are closed today, July 3, 2026, in observance of the Independence Day holiday. This closure is expected to result in limited liquidity in USD, particularly in the Repo market, which will be closed. While Federal Reserve operations for cash and securities services by DTCC will be running on a limited basis, market participants are advised to maintain adequate USD cash balances and liquidity buffers to mitigate settlement delays.