Major stock and bond markets will close on Monday in obs🔯ervance of Martin Luther King Jr. Da🍷y, which this year coincides with a presidential inauguration.

The New York Stock Exchange and Nasdaq won't open on Monday, and U.S. bond trading will halt in honor of the civil rights leader.

CME Group will pause trading in U.S. markets, and some of the exchange's international markets will also shutter for the holiday, according to its schedule. Similarly, Cboe will hold off U.S. equities trading on Monday, and pause U.S. options trading from 11:30 a.m. to 8:15 p.m. Eastern Time, and U.S. futures trading from 10:30 a.m. to 5 p.m. E.T., according to its calendar.

In addition to the holiday, the first trading break of the new year, the U.S. will inaugurate ꦉDonald Trump on Monday, kicking off his second presidential term.

Traders will next get a day off on President's Day, which falls on Feb. 17.