Bonds: who owns the debt, and what default risk is priced in
Every bond US funds hold, priced from their own filings: holders, fund-reported prices and yields, spreads over Treasuries and Bunds, and what officials trade. Fund marks are as of Jul 2026, the latest month with complete N-PORT filings.
Odd spots
Picked automatically each build from fixed rules, at most two per rule. Findings from filings, with their as-of dates.
Corporate: widest spreads among large issuers
Median spread of each issuer's US-dollar bonds over Treasuries, from fund marks as of Jul 2026. Issuers with at least $500M held by funds.
| Issuer | Spread | 1-month change | Held by funds |
|---|---|---|---|
| CRWV CoreWeave, Inc. | 774 bp | +241 bp | $1.22B |
| MPW Medical Properties Trust, Inc. | 613 bp | +15 bp | $877.4M |
| CCO Clear Channel Outdoor Holdings, Inc. | 513 bp | +156 bp | $668.2M |
| GTN Gray Media, Inc. | 498 bp | -114 bp | $508.2M |
| WHR Whirlpool Corporation | 484 bp | +36 bp | $572.7M |
| NAVI Navient Corporation | 464 bp | -5 bp | $614.7M |
| CYH Community Health Systems, Inc. | 457 bp | +6 bp | $844.8M |
| VIAC Paramount Global | 374 bp | +35 bp | $1.13B |
| SATS EchoStar Corporation | 363 bp | -20 bp | $1.53B |
| WBD Warner Bros. Discovery, Inc. | 344 bp | +7 bp | $1.19B |
Corporate: biggest spread moves this month
Same bonds month over month, issuers with at least $250M held. As of Jul 2026.
| Issuer | Change | Spread | Held by funds |
|---|---|---|---|
| BGS B&G Foods, Inc. | +365 bp | 742 bp | $267.9M |
| CRWV CoreWeave, Inc. | +241 bp | 774 bp | $1.22B |
| U11.SI United Overseas Bank Limited | +173 bp | -34 bp | $357.7M |
| CCO Clear Channel Outdoor Holdings, Inc. | +156 bp | 513 bp | $668.2M |
| CAR Avis Budget Group, Inc. | +136 bp | 342 bp | $426.5M |
| GTN Gray Media, Inc. | -114 bp | 498 bp | $508.2M |
| CC The Chemours Company | +109 bp | 307 bp | $286.9M |
| IEP Icahn Enterprises L.P. | -77 bp | 590 bp | $412.4M |
| CORZ Core Scientific, Inc. | +76 bp | 395 bp | $371.4M |
| STX Seagate Technology Holdings plc | -71 bp | 138 bp | $306.1M |
Sovereign: dollar-bond spreads
Median spread of each government's US-dollar bonds over Treasuries, and the default odds that spread prices in over five years (40% recovery assumed; includes a risk premium, so it overstates actual defaults).
| Country | Spread | Priced-in 5y odds | 1-month change |
|---|---|---|---|
| Senegal | 1447 bp | 70.0% | +30 bp |
| Gabon | 556 bp | 37.1% | -83 bp |
| Ecuador | 450 bp | 31.3% | +25 bp |
| Angola | 449 bp | 31.2% | -17 bp |
| Kenya | 394 bp | 28.0% | +44 bp |
| Pakistan | 334 bp | 24.3% | +36 bp |
| Bahrain | 327 bp | 23.9% | +53 bp |
| Egypt | 326 bp | 23.8% | +29 bp |
| Benin | 284 bp | 21.1% | +24 bp |
| El Salvador | 274 bp | 20.4% | -6 bp |
Sovereign: biggest moves this month
Dollar bonds vs Treasuries and euro-member bonds vs German Bunds. As of Jul 2026.
Officials' latest bond trades
Bond trades disclosed by members of Congress (periodic transaction reports) and executive-branch officials (OGE Form 278-T). Amounts are the disclosed ranges.
| Trade date | Official | Type | Bond | Amount | Filing |
|---|---|---|---|---|---|
| 2026-09-30 | Ro Khanna (Spouse) | sale | corporate ORACLE CORP | $1,001 - $15,000 | filing |
| 2026-09-30 | Ro Khanna | sale | corporate ORACLE CORP | $1,001 - $15,000 | filing |
| 2026-09-29 | Gilbert Cisneros | sale full | municipal IMPERIAL, CA, IRRIGATION DISTRICT | $100,001 - $250,000 | filing |
| 2026-09-29 | Gilbert Cisneros | purchase | municipal INDIANA FINANCE AUTHORITY HEALTH SYSTEM | $250,001 - $500,000 | filing |
| 2026-09-25 | Scott H. Peters (Spouse) | purchase | municipal CHARLOTTE-MECKLE HEALTH | $250,001 - $500,000 | filing |
| 2026-09-24 | Scott H. Peters (Spouse) | sale full | treasury US TREASURY | $250,001 - $500,000 | filing |
| 2026-09-24 | Suzan K. DelBene (Joint) | purchase | municipal TX TRANS COMMISSION TPK | $15,001 - $50,000 | filing |
| 2026-09-24 | Gilbert Cisneros | purchase | municipal CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY | $250,001 - $500,000 | filing |
| 2026-09-23 | Donald Sternoff Beyer (Joint) | purchase | municipal CURATORS UNIVERSITY MO | $15,001 - $50,000 | filing |
| 2026-09-23 | Donald Sternoff Beyer (Joint) | sale full | municipal OHIO ST GEN OBLIG | $15,001 - $50,000 | filing |
| 2026-09-22 | Gilbert Cisneros | sale partial | municipal CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY | $250,001 - $500,000 | filing |
| 2026-09-21 | Kevin Hern (Joint) | purchase | municipal OKLAHOMA DEPARTMENT TRANSPORTATION REV GAN | $15,001 - $50,000 | filing |
Context: the US Treasury curve
Monthly average constant-maturity yields (FRED), Sep 2026. 10-year minus 2-year: 0.35 points as of 2026-10-16.
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.