But word of the increase had little or no effect on the fixed-income markets.
"But the loss of factory jobs was a plus for the fixed-income market," he said.
The reports also sent oil prices higher, another negative for the fixed-income market.
The report had no effect on prices in the fixed-income markets.
These numbers could have a profound impact on the fixed-income market.
But he does not see an exodus from the fixed-income market.
The fixed-income market, is currently more interested in the dollar.
That is good for a fixed-income market, in which rising overall prices eat away at investors' income.
"As usual, any negative economic news is welcome by the fixed-income market."
The prospect that reports due soon on the economy will be favorable for the fixed-income market also helped.