Junk Bonds Beat Long Treasuries in 2026: What Credit Markets Signal
High yield bonds have delivered 9% one-year returns while long-duration Treasuries struggle near breakeven. Here’s what the 2026 credit divergence means.
capital markets
Anthropic Could Raise $50 Billion at Near-$1 Trillion Value
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.
SpaceX Files for $75B IPO at $1.75 Trillion Valuation
SpaceX’s S-1 targets a $75B raise at a $1.75T valuation — nearly triple Saudi Aramco’s all-time IPO record. What it means for capital markets.
GLP-1 Startup Kailera Leads Biotech IPO Revival With $625M Deal
Kailera Therapeutics’ $625M GLP-1 IPO anchors a Q2 2026 healthcare listing wave, with Hemab Therapeutics, Avalyn Pharma, and peers all jumping 52-89% from their offer prices.
Barclays Closes Best Egg Deal, Targeting U.S. Consumer Credit
Barclays completes its acquisition of Best Egg’s parent Marlette Holdings, gaining a $40B+ consumer lending platform as the spread between personal loan rates and Treasuries reaches nearly 800 basis points.
Fed’s 8-4 Split Forces Bond Traders to Hedge Both Ways
The April 29 FOMC meeting ended in an 8-4 split — the Fed’s most divided vote in years, with dissenters on both sides. Here’s what it means for Treasury yields.
GameStop’s eBay Bid: Can a $9B War Chest Fund a $46B Deal?
GameStop is reportedly preparing a bid for eBay. With eBay worth $46B and GME holding $9B in cash, we break down the capital markets math behind Ryan Cohen’s boldest move yet.
Cerebras Systems Files for $40 Billion IPO
Cerebras Systems targets a $40B valuation in its IPO, backed by a landmark OpenAI deal and AWS Bedrock integration that transformed its revenue base.
Paramount Skydance’s $110B Warner Bros. Bet Nears Closing
WBD shareholders approved Paramount Skydance’s $110B takeover. EU regulators lean yes; FCC weighs foreign ownership stakes in CBS and CNN.
Blackstone’s $10B Credit Fund: How Private Lending Hit $520B
Blackstone’s Capital Opportunities Fund V closed oversubscribed at $10B. Private credit now rivals the entire high-yield bond market—here’s who’s winning and what risks regulators see.