U.S. Treasury yields plunge as markets close early for Jimmy Carter
- January 9, 2025, was designated a national day of mourning in the U.S. for former President Jimmy Carter.
- Mail delivery services were suspended, and stock markets were closed in tribute to Carter.
- Carter's passing led to widespread reflection on his legacy and contributions, illustrating the respect held for his public service.
On January 9, 2025, the United States observed a national day of mourning for former President Jimmy Carter, who passed away in late December 2024 at the age of 100. In honor of Carter, President Joe Biden declared this day an official day of observance, urging Americans to reflect and gather in their places of worship to pay tribute to the 39th president. Consequently, the United States Postal Service announced the suspension of all mail delivery services and the closure of postal offices, although limited package deliveries were still planned to ensure operational continuity. Additionally, major stock exchanges, including the New York Stock Exchange and Nasdaq, were closed, marking a rare occurrence reminiscent of past U.S. presidential funerals. This closure had historical significance, with such honors last extended after the death of President George H.W. Bush in 2018. The act was largely viewed as a respectful gesture, recognizing Carter's legacy in American history, which includes his post-presidency humanitarian efforts and promotion of democracy. Many government agencies and the Supreme Court were also closed on that day, though some essential services remained operational due to national security concerns. The observance highlighted the impact of Carter's life and presidency on American society, as citizens were encouraged to remember his achievements and contributions during this reflective period.