Anthropic Said in Talks to Buy Decart AI for $6 Billion Ahead of IPO | The Pulse 8/13/2026

Watch on YouTube ↗  |  August 13, 2026 at 10:22  |  48:22  |  Bloomberg Markets
Speakers
Iain Stealey — Editor, Financial Times
Matt Bloxham — Head of Research, The Block
Vincent Clerc — CEO, Maersk
Liz Martins — Senior UK Economist, HSBC
Stephanie Baker — Bloomberg Reporter
Helena Hahn — Policy Analyst, European Policy Centre

Summary

Markets climbed after a subdued US inflation report eased Fed hike concerns, while oil and Iran/Hormuz risks remained unresolved. Iain Stealey outlined fixed-income trades including US long-end Treasuries, European front-end bonds, EM debt, Brazil, and JGB curve flatteners. Bloomberg's Matt Bloxham discussed Anthropic's Decart acquisition and said a lower IPO valuation near or below $2 trillion looks more realistic. The program also covered UK growth and BOE policy, EU migration politics, US midterms, and Maersk's improved freight-rate outlook.

  • Global stocks climbed after US inflation matched expectations, reducing imminent Fed hike concerns.
  • Iain Stealey sees US long-end Treasuries as compelling and prefers European front-end bonds and EM debt.
  • He specifically highlights Brazil's high real yields and prefers JGB curve flatteners over outright JGB positions.
  • Oil and energy prices remain the main fixed-income risk with the US-Iran/Hormuz deadlock unresolved.
  • Anthropic's $6 billion Decart acquisition could strengthen its IPO story, but Matt Bloxham sees the lower end of valuation near or below $2 trillion as realistic.
  • Liz Martins expects UK inflation to rise but says the Bank of England likely avoids formal rate hikes unless oil or gas spike sharply.
  • Maersk's CEO sees freight rates staying volatile with supply disruptions and stretched capacity supporting conditions.
  • Political segments covered EU migration divisions and US midterm cost-of-living themes.
Ideas
Iain Stealey Editor, Financial Times 4:11
Long-end Treasuries compelling in range.
He sees U.S. long-end Treasuries, including the 30-year, as compelling at current levels and expects them to remain range-bound; until there is a definitive break of the 10-year yield range, long-duration U.S. bonds are a good investment for long-haul holders.
U.S. Long-End Treasuries HIGH
Iain Stealey Editor, Financial Times 5:00
Prefer European front-end bonds.
He prefers fixed-income exposure outside the U.S. and is much more convinced about buying the front end of the European curve, where he sees better value.
European front-end government bonds HIGH
Iain Stealey Editor, Financial Times 5:14
Emerging markets offer high real yields.
He likes emerging markets because some opportunities offer high real yields and central banks that have built credibility by keeping rates elevated relative to inflation; investors are under-allocated and can shift away from the dollar.
EMB MED
Iain Stealey Editor, Financial Times 6:03
Brazil offers high real yield cushion.
Within emerging markets, he highlights Brazil as having very high real yields and a lot of cushion in those markets, implying attractive risk-adjusted fixed-income exposure.
EWZ MED
Iain Stealey Editor, Financial Times 12:26
Yen weak until BOJ acts.
He argues that until markets see actual Bank of Japan rate action, the yen decline is likely to persist; real BOJ action is the only thing that would halt or reverse the decline and strengthen the yen.
FXY MED
Iain Stealey Editor, Financial Times 13:17
Prefer JGB curve flatteners over outright.
He prefers JGB curve flatteners over an outright JGB position: if the Bank of Japan moves faster, that should be more negative for the front end while the back end sees support, making curve flattening a better information ratio.
JGB curve flatteners HIGH
Matt Bloxham Head of Research, The Block 15:34
Anthropic IPO valuation likely below $2 trillion.
Decart's optimization stack can make Anthropic's expensive models more efficient and strengthen its IPO story, but the reported $2T-$3T valuation range looks too rich; the lower end, perhaps a bit below $2T, is more realistic.
Anthropic IPO MED
Vincent Clerc CEO, Maersk 24:20
Maersk benefits from supply disruptions.
Freight rates should remain volatile, but the general environment should be more benign as resilient demand meets bottlenecks and stretched capacity; supply disruptions are becoming more prevalent, supporting continued volatility and better conditions for shipping.
MAERSK MED
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This Bloomberg Markets video, published August 13, 2026, features Iain Stealey, Matt Bloxham, Vincent Clerc discussing U.S. Long-End Treasuries, European front-end government bonds, EMB, EWZ, FXY, JGB curve flatteners, Anthropic IPO, MAERSK. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Iain Stealey, Matt Bloxham, Vincent Clerc  · Tickers: U.S. Long-End Treasuries, European front-end government bonds, EMB, EWZ, FXY, JGB curve flatteners, Anthropic IPO, MAERSK