We're doing a custom Lead Convert through Apex code.  We use setConvertedStatus = 'Qualified' when we convert the Lead.  This works fine.  The thing is, when we query for the Converted Lead in execute anonymous with:

Lead l = [Select Status, isConverted from Lead where Id = :convertedId];

isConverted is true, but the Status does not change to Qualified, despite this being a valid option in the picklist.  Instead, it remains as "Open" which is a non-converted Status.

I thought Lead.Status changes to reflect LeadConvert.setConvertedStatus ?