Welcome back to Markets Desk, where we break down what's moving money and why.
The U.S. budget deficit has swollen to nearly two trillion dollars for fiscal year two thousand twenty six, a twelve percent jump in a single year according to the Treasury Department. That's a number that pressures bond markets directly, raising questions about supply absorption and whether yields have further to climb from here.
Staying in the markets, CoreWeave has been a rough ride for equity holders this week. The AI infrastructure name shed more than twenty seven percent from last Friday's close to Thursday morning's fifty two week lows, before snapping back seventeen percent. That kind of volatility tells you positioning is thin and conviction is thinner, with traders caught between a genuine growth story and a balance sheet that still makes some investors nervous.
And on the IPO front, Anthropic is drawing attention well before any offering date. New York City's comptroller has opened a dialogue with the company specifically around what they're calling existential risks from AI, and what those risks might mean for shareholders down the road. It's a notable moment when a major pension steward is framing AI safety as a fiduciary issue, not just an ethical one.
That's the tape. Markets Desk, signing off the floor.
