Deutsche Telekom AG bonds DTE.DE
Who owns Deutsche Telekom AG's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. DTE.DE stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| AZ4608388 | 0.5% fixed | 2027-07-05 | EUR | 97.84 | 2.69% | — | 1 | $336K | Jun 2026 |
| DA8323838 | 2.63% fixed | 2029-12-04 | EUR | 97.97 | 3.28% | — | 1 | $226K | Jul 2026 |
| AX6445446 | 1.75% fixed | 2031-03-25 | EUR | 93.80 | 3.20% | — | 4 | $6.1M | Jul 2026 |
| XS3356130073 | 3.38% fixed | 2033-04-28 | EUR | 98.16 | 3.69% | — | 1 | $226K | Jul 2026 |
| XS1948630634 | 3.125% fixed | 2034-02-06 | GBP | 86.16 | 5.39% | — | 2 | $2.0M | Jul 2026 |
| AZ4608396 | 1.375% fixed | 2034-07-05 | EUR | 84.55 | 3.66% | — | 2 | $2.2M | Jul 2026 |
| YT4134300 | 3.25% fixed | 2035-06-04 | EUR | 196.33 | — | — | 1 | $337K | Jun 2026 |
| D2035MM58 | 3.25% fixed | 2035-06-04 | EUR | 95.75 | 3.82% | — | 1 | $331K | Jul 2026 |
| ZD7260809 | 3.25% fixed | 2036-03-20 | EUR | 94.74 | 3.91% | — | 3 | $16.6M | Jul 2026 |
| XS3356130826 | 3.88% fixed | 2038-04-28 | EUR | 97.56 | 4.15% | — | 1 | $337K | Jul 2026 |
| DE000A2LQRS3 | 2.25% fixed | 2039-03-29 | EUR | 81.68 | 4.14% | — | 2 | $4.0M | Jul 2026 |
| YS7908512 | 3.625% fixed | 2045-02-03 | EUR | 88.42 | 4.56% | — | 3 | $19.7M | Jul 2026 |
| XS2089226026 | 1.75% fixed | 2049-12-09 | EUR | 60.27 | 4.54% | — | 5 | $9.3M | Jul 2026 |
| 251566AA3 | 3.625% fixed | 2050-01-21 | USD | 68.69 | 6.17% | 106 bp | 2 | $3.5M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 12 | $64.5M | 91.11 | 6.17% | 106 bp | 5 |
| Jun 2026 | 10 | $7.9M | 93.55 | 5.76% | 80 bp | 3 |
| May 2026 | 1 | $2.1M | 72.41 | 5.78% | 75 bp | 3 |
| Apr 2026 | 13 | $96.3M | 93.47 | 5.95% | 105 bp | 5 |
| Mar 2026 | 11 | $7.9M | 90.12 | 5.94% | 111 bp | 4 |
| Feb 2026 | 2 | $2.8M | 83.79 | 5.60% | 88 bp | 3 |
| Jan 2026 | 10 | $95.9M | 90.64 | 5.78% | 97 bp | 5 |
| Dec 2025 | 14 | $57.6M | 93.25 | 5.78% | 100 bp | 4 |
| Nov 2025 | 2 | $2.9M | 83.38 | 5.63% | 95 bp | 4 |
| Oct 2025 | 10 | $83.6M | 91.97 | 5.59% | 96 bp | 5 |
| Sep 2025 | 11 | $50.9M | 93.21 | 5.57% | 85 bp | 5 |
| Aug 2025 | 2 | $6.0M | 82.20 | 5.79% | 93 bp | 5 |
| Jul 2025 | 10 | $68.7M | 91.06 | 5.77% | 86 bp | 4 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 3 added, 4 cut, 0 new holders and 5 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $32.1M | $30.8M | -$12.3M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $27.1M | $26.7M | -$14.1M |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.7M | $2.7M | $0 |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $3.3M | $2.3M | $0 |
| Capital World Bond Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $2.0M | $2.2M | $0 |
| Capital World Bond Fund | 2026-06-30 | $1.7M | $1.9M | $0 |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.3M | $1.4M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $1.7M | $1.3M | -$385K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $1.8M | $1.2M | $235K |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $950K | $999K | $420K |
| State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $900K | $974K | $0 |
| iShares 10+ Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $1.0M | $753K | $190K |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $650K | $682K | $0 |
| Loomis Sayles Global Bond Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $133K | $146K | -$60K |
| ELFUN INCOME FUND | 2026-06-30 | $191K | $139K | $0 |
| Sterling Capital Long Duration Corporate Bond Fund Sterling Capital Funds | 2026-06-30 | $150K | $109K | $0 |
| iShares Core 10+ Year USD Bond ETF iShares Trust | 2026-05-31 | $150K | $108K | $0 |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $100K | $70K | $0 |
| iShares Euro Investment Grade Corporate Bond USD Hedged ETF iShares Trust | 2026-07-31 | $50K | $35K | $0 |
| MFS Global Opportunistic Bond Fund MFS Series Trust X | 2026-05-31 | $0 | $0 | -$450K |
| State Street Income Fund STATE STREET INSTITUTIONAL INVESTMENT TRUST | 2026-06-30 | $0 | $0 | -$309K |
| MFS Global Tactical Allocation Portfolio MFS VARIABLE INSURANCE TRUST II | 2026-06-30 | $0 | $0 | -$150K |
| Global Bond Fund GuideStone Funds | 2026-06-30 | $0 | $0 | -$132K |
| MFS CHARTER INCOME TRUST | 2026-05-31 | $0 | $0 | -$30K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MFS Global Opportunistic Bond Fund ($450K), State Street Income Fund ($309K), MFS Global Tactical Allocation Portfolio ($150K), Global Bond Fund ($132K), MFS CHARTER INCOME TRUST ($30K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 6 | $27.1M | $26.7M | 0.02% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 8 | $2.7M | $2.7M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 3 | $1.3M | $1.4M | 0.04% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $1.7M | $1.3M | 0.01% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $1.8M | $1.2M | 0.00% |
| IBND State Street(R) SPDR(R) Bloomberg International Corporate Bond ETF | 2026-06-30 | 3 | $900K | $974K | 0.21% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $1.0M | $753K | 0.03% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 2 | $650K | $682K | 0.19% |
| ILTB iShares Core 10+ Year USD Bond ETF | 2026-05-31 | 1 | $150K | $108K | 0.02% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $50K | $35K | 0.17% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.83: safer than 35% of companies (37th percentile in Communication Services). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $139.92B |
| Debt barrier (short-term + ½ long-term debt) | $72.55B |
| Equity volatility (1 year) | 41.6% |
| Asset value / asset volatility (solved) | $209.43B / 27.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 106 bp spread prices in about 1.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 0.94 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DTE.DE's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 3 | $10.6M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 22 | $29.1M | 0 | — | 0 | — | 0 |
| 2026-03-31 | 25 | $36.4M | 0 | — | 0 | — | 0 |
| 2025-12-31 | 25 | $29.9M | 0 | — | 0 | — | 0 |
| 2025-09-30 | 27 | $34.2M | 0 | — | 0 | — | 0 |
| 2025-06-30 | 30 | $36.5M | 0 | — | 0 | — | 0 |
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.