It's apparent that the Labor Department had some problems seasonally adjusting for the Veterans Day holiday.
More Quotes from Ted Wieseman:
There was a lot of money invested in the Treasury market that the curve would get more inverted. The market moved against that, and now there's a lot of pain.Ted Wieseman
The evidence broadly viewed continues to point to underlying improvement in labor market conditions. Seasonal adjustment of weekly data is a tricky problem and especially so around holidays.
Ted Wieseman
The yield curve is reflecting too pessimistic an outlook on the economy. The market will just have to be convinced otherwise.
Ted Wieseman
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