diff --git a/sqlmesh/core/snapshot/definition.py b/sqlmesh/core/snapshot/definition.py
index 10796d3f7d..e8e999504e 100644
--- a/sqlmesh/core/snapshot/definition.py
+++ b/sqlmesh/core/snapshot/definition.py
@@ -785,17 +785,17 @@ def missing_intervals(
 
         interval_unit = self.node.interval_unit
 
-        if end_bounded:
-            upper_bound_ts = min(end_ts, to_timestamp(execution_time))
-            end_ts = upper_bound_ts
-        elif allow_partials:
-            upper_bound_ts = to_timestamp(execution_time)
-            end_ts = min(end_ts, upper_bound_ts)
-        else:
+        if not allow_partials:
             upper_bound_ts = to_timestamp(
                 self.node.cron_floor(execution_time) if not ignore_cron else execution_time
             )
             end_ts = min(end_ts, to_timestamp(interval_unit.cron_floor(upper_bound_ts)))
+        else:
+            upper_bound_ts = to_timestamp(execution_time)
+            end_ts = min(end_ts, upper_bound_ts)
+
+        if end_bounded:
+            upper_bound_ts = end_ts
 
         lookback = self.model.lookback if self.is_model else 0
 
diff --git a/tests/core/test_snapshot.py b/tests/core/test_snapshot.py
index b864e5022b..34a9a2fe0e 100644
--- a/tests/core/test_snapshot.py
+++ b/tests/core/test_snapshot.py
@@ -286,6 +286,66 @@ def test_missing_intervals_partial(make_snapshot):
         (to_timestamp(start), to_timestamp("2023-01-02")),
     ]
     assert snapshot.missing_intervals(start, start, execution_time=start, ignore_cron=True) == []
+    assert snapshot.missing_intervals(start, start, execution_time=end_ts, end_bounded=True) == []
+
+
+def test_missing_intervals_end_bounded_with_lookback(make_snapshot):
+    snapshot = make_snapshot(
+        SqlModel(
+            name="test_model",
+            kind=IncrementalByTimeRangeKind(time_column=TimeColumn(column="ds"), lookback=1),
+            owner="owner",
+            cron="@daily",
+            query=parse_one("SELECT 1, ds FROM name"),
+        )
+    )
+
+    start = "2023-01-01"
+    end = "2023-01-02"
+
+    snapshot.intervals = [(to_timestamp(start), to_timestamp(end))]
+
+    execution_ts = to_timestamp("2023-01-03")
+    assert snapshot.missing_intervals(start, start, execution_time=execution_ts) == [
+        (to_timestamp(start), to_timestamp(end)),
+    ]
+    assert (
+        snapshot.missing_intervals(start, start, execution_time=execution_ts, end_bounded=True)
+        == []
+    )
+
+
+def test_missing_intervals_end_bounded_with_ignore_cron(make_snapshot):
+    snapshot = make_snapshot(
+        SqlModel(
+            name="test_model",
+            kind=IncrementalByTimeRangeKind(time_column=TimeColumn(column="ds")),
+            owner="owner",
+            cron="1 0 * * *",
+            query=parse_one("SELECT 1, ds FROM name"),
+        )
+    )
+
+    start = "2023-01-01"
+    end = "2023-01-03"
+
+    snapshot.intervals = [(to_timestamp(start), to_timestamp("2023-01-02"))]
+
+    execution_ts = to_timestamp(end)
+    assert snapshot.missing_intervals(start, end, execution_time=execution_ts) == []
+    assert snapshot.missing_intervals(
+        start, end, execution_time=execution_ts, ignore_cron=True
+    ) == [
+        (to_timestamp("2023-01-02"), to_timestamp(end)),
+    ]
+    assert (
+        snapshot.missing_intervals(start, end, execution_time=execution_ts, end_bounded=True) == []
+    )
+    assert snapshot.missing_intervals(
+        start, end, execution_time=execution_ts, ignore_cron=True, end_bounded=True
+    ) == [
+        (to_timestamp("2023-01-02"), to_timestamp(end)),
+    ]
 
 
 def test_incremental_time_self_reference(make_snapshot):