Bloomberg Surveillance · Friday, July 10, 2026
George Cancarver of NBFGEN describes the current market as stuck in 'nowhere land,' with tech stocks rebounding and reaching all-time highs, while bond yields remain elevated. He notes a significant amount of capital raising occurring in both equity and debt markets.
“I have convictions that it's Groundhog Day? Every other week. We have a bomb market that always goes to four point five and the ten year five percent. On the thirty year, you get tech stocks kind of rebounding and you get all time highs. But we're kind of just kind of stuck in nowhere. Nowhere's land be.”
“Able to range bound four point two percent four point one percent on twos at the front end of the curve. We've seen that quite a few times. But there is an aggressive push from both corporate America and a tech trade worldwide to raise capital in this market.”