AI Bond Deluge: IG Issuance Sets $145.2B August Record
August 2026 investment-grade bond sales hit $145.2B, a third straight monthly record, as Alphabet, Amazon, Oracle and Meta borrow to fund AI infrastructure.
capital markets
Anthropic Walks From $7B MatX Deal, Picks Partnership Instead
Anthropic held talks to buy AI-chip startup MatX for about $7 billion, then abandoned the deal in favor of a partnership and in-house silicon push.
Anthropic’s $2T IPO Math: $65B Run-Rate, $30T Pitch
Anthropic is reportedly telling investors its market opportunity is the size of the US economy. Here’s what the $2T IPO math looks like.
US IPO Market 2026: $145.8B Raised, 6x Last Year
US IPOs have raised $145.8B YTD 2026 — a 542% jump from 2025 — with SpaceX, SK hynix and Cerebras driving mega-deal proceeds despite 25% fewer listings.
Dangote Refinery’s $2.5B Placement Sets Up October IPO
AFC-led $2.5B placement closed 3.7x oversubscribed. Dangote lines up an October NGX IPO with a $1B underwriting backstop — Africa’s largest ever.
Fed Discount Rate Vote: 4 Banks Wanted a Hike, Board Held
Fed discount rate minutes released Aug 25 show four Reserve Bank boards voted to raise the primary credit rate to 4.00% by July 29 — up from two.
Stock Warrants Explained: Why They Aren’t Just Long-Dated Calls
Warrants look like call options but are issued by the company and create new shares on exercise — a dilution difference that reshapes pricing and risk.
McKesson to Buy Precision Medicine Group for $2.25B
McKesson unveiled a $2.25B deal for Precision Medicine Group, doubling down on its fastest-growing segment: Oncology & Multispecialty.
Yankee, Samurai, Kangaroo: Foreign Bonds Explained
Yankee, Samurai, Kangaroo, Panda, Dim Sum — a field guide to foreign-currency bonds: what each is, where it trades, who regulates it, and why issuers use them.
Bond Market Undoes Treasury’s Buyback Fix in 48 Hours
Bessent’s doubled long-end buybacks pulled the 10Y from 4.72% to 4.65% in a session. More than half the rally was gone by the next close.