Analyst: The rise in initial jobless claims is related to anomalies in Texas

BlockBeats News, on September 11, Jordan Rochester from Mizuho Bank pointed out that the surge in initial jobless claims was mainly driven by Texas. This may be the reason why the bond market gave back its earlier gains.

"It's hard to get too excited about this spike in claims, and don't assume it will be a long-term trend, as it is mainly driven by anomalies in Texas." (Golden Ten Data)