US Oct CPI MoM +0.4% (exp +0.3%), and hawkish signals from Fed governor WALLER pushed Treasury yields broadly higher. 10-year Treasury yield hit 5.012%, 2-year 4.759%. Market-implied odds for a 25bp Fed hike in December are 86%, 50bp odds 14%. WALLER said if inf runs materially above expectations the Fed may need larger policy action. European bond markets repriced: German 10-year Bund yield rose to 3.307%, highest since Nov. 3.

Anthropic and some shareholders plan to raise up to $64.4 bln in an IPO, filing with the SEC on Tuesday set an indicative price range of $70–78 per share. The company intends to issue 801.4 mln new shares and existing holders will sell 23.6 mln shares; at the top of the range the disclosed shares outstanding imply an equity value of about $1 trillion. The target raise is below SpaceX’s record $75 bln base offering (roughly $86.2 bln including overallotment). Anthropic set the size despite a sharp sell-off in AI-related stocks last week. Market concern that politicians advocating tighter regulation of data centers and related infrastructure could raise costs and constrain AI development is weighing on investor sentiment.

英國央行副行長隆巴爾代利：能源成本居高不下的時間越長，企業恢復利潤率的壓力就越大。