Richard Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, has won the Nobel Prize in Economic Sciences for 2017. The Royal Swedish Academy of Sciences said Thaler’s contributions built a bridge between the economic and psychological analyses of individual decision-making. Thaler is considered one of the founding fathers of behavioral economics.
U.S. stock markets are open for trade on Monday, but bond markets are closed in observance of Columbus Day. The holiday is one of only two in which stock and bond-market holidays diverge. Veterans Day is the other. Other assets trading today include commodity markets, with gold futures and oil seeing regular action and currencies. Columbus Day is a state and federal holiday, begun back in 1792 and declared a federal day off in 1937 by President Franklin . Roosevelt. Federal offices, including the Treasury Department, are closed. That means, Treasury bonds and notes which a big chunk of typical bond trading activity on regular days and a key benchmark also get a day off.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
