Microsoft Corporation bonds MSFT
Who owns Microsoft Corporation'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. MSFT 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 |
|---|---|---|---|---|---|---|---|---|---|
| 594918BR4 | 2.4% fixed | 2026-08-08 | USD | 99.96 | 4.11% | 38 bp | 3 | $49.8M | Jul 2026 |
| 594918CN2 | 3.4% fixed | 2026-09-15 | USD | 99.91 | 4.09% | 36 bp | 4 | $11.2M | Jul 2026 |
| 594918BY9 | 3.3% fixed | 2027-02-06 | USD | 99.51 | 4.27% | 43 bp | 6 | $35.0M | Jul 2026 |
| 594918CQ5 | 3.4% fixed | 2027-06-15 | USD | 99.29 | 4.23% | 23 bp | 1 | $2.3M | Jul 2026 |
| U59340AB2 | 3.125% fixed | 2028-12-06 | EUR | 100.24 | 3.01% | — | 4 | $25.4M | Jul 2026 |
| 594918CS1 | 1.35% fixed | 2030-09-15 | USD | 87.89 | 4.61% | 31 bp | 8 | $4.0M | Jul 2026 |
| U59340AA4 | 2.625% fixed | 2033-05-02 | EUR | 95.38 | 3.40% | — | 3 | $5.9M | Jul 2026 |
| 594918BC7 | 3.5% fixed | 2035-02-12 | USD | 89.94 | 4.96% | 43 bp | 7 | $6.1M | Jul 2026 |
| 594918BK9 | 4.2% fixed | 2035-11-03 | USD | 93.86 | 5.04% | 47 bp | 5 | $2.2M | Jul 2026 |
| 594918BS2 | 3.45% fixed | 2036-08-08 | USD | 86.51 | 5.19% | 59 bp | 12 | $13.4M | Jul 2026 |
| 594918BZ6 | 4.1% fixed | 2037-02-06 | USD | 91.55 | 5.15% | 52 bp | 7 | $3.3M | Jul 2026 |
| 594918AD6 | 5.2% fixed | 2039-06-01 | USD | 98.99 | 5.31% | 56 bp | 3 | $1.0M | Jul 2026 |
| 594918AJ3 | 4.5% fixed | 2040-10-01 | USD | 90.49 | 5.47% | 66 bp | 2 | $860K | Jul 2026 |
| 594918AM6 | 5.3% fixed | 2041-02-08 | USD | 98.64 | 5.44% | 60 bp | 5 | $4.8M | Jul 2026 |
| 594918AR5 | 3.5% fixed | 2042-11-15 | USD | 76.51 | 5.74% | 82 bp | 3 | $1.2M | Jul 2026 |
| 594918BD5 | 3.75% fixed | 2045-02-12 | USD | 75.95 | 5.90% | 87 bp | 4 | $896K | Jul 2026 |
| 594918BL7 | 4.45% fixed | 2045-11-03 | USD | 83.17 | 5.93% | 85 bp | 5 | $2.1M | Jul 2026 |
| 594918BT0 | 3.7% fixed | 2046-08-08 | USD | 74.08 | 5.93% | 82 bp | 7 | $3.3M | Jul 2026 |
| 594918CA0 | 4.25% fixed | 2047-02-06 | USD | 80.22 | 5.93% | 82 bp | 5 | $2.8M | Jul 2026 |
| 594918CU6 | 4.5% fixed | 2047-06-15 | USD | 82.50 | 5.98% | 87 bp | 2 | $908K | Jul 2026 |
| 594918CC6 | 2.525% fixed | 2050-06-01 | USD | 56.08 | 6.02% | 91 bp | 16 | $53.4M | Jul 2026 |
| 594918CW2 | 2.5% fixed | 2050-09-15 | USD | 55.40 | 6.03% | 93 bp | 8 | $11.5M | Jul 2026 |
| 594918CE2 | 2.921% fixed | 2052-03-17 | USD | 59.77 | 6.02% | 92 bp | 19 | $25.4M | Jul 2026 |
| 594918BE3 | 4% fixed | 2055-02-12 | USD | 72.74 | 6.01% | 91 bp | 4 | $1.3M | Jul 2026 |
| 594918BM5 | 4.75% fixed | 2055-11-03 | USD | 82.31 | 6.05% | 94 bp | 2 | $37K | Jul 2026 |
| 594918BU7 | 3.95% fixed | 2056-08-08 | USD | 71.03 | 6.06% | 96 bp | 4 | $1.3M | Jul 2026 |
| 594918CB8 | 4.5% fixed | 2057-02-06 | USD | 78.88 | 6.02% | 92 bp | 4 | $2.8M | Jul 2026 |
| 594918CD4 | 2.675% fixed | 2060-06-01 | USD | 51.49 | 6.07% | 97 bp | 13 | $7.6M | Jul 2026 |
| 594918CF9 | 3.041% fixed | 2062-03-17 | USD | 56.16 | 6.05% | 96 bp | 9 | $6.2M | 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 | 29 | $286.1M | 83.17 | 5.90% | 82 bp | 19 |
| Jun 2026 | 27 | $1.14B | 88.12 | 5.37% | 53 bp | 58 |
| May 2026 | 26 | $929.1M | 88.50 | 5.30% | 36 bp | 29 |
| Apr 2026 | 29 | $316.6M | 88.99 | 5.38% | 58 bp | 24 |
| Mar 2026 | 27 | $1.14B | 88.69 | 5.26% | 58 bp | 59 |
| Feb 2026 | 26 | $996.1M | 90.95 | 5.00% | 43 bp | 31 |
| Jan 2026 | 29 | $342.4M | 90.40 | 5.17% | 44 bp | 26 |
| Dec 2025 | 27 | $1.41B | 89.96 | 5.02% | 39 bp | 55 |
| Nov 2025 | 26 | $1.05B | 91.64 | 4.86% | 26 bp | 28 |
| Oct 2025 | 30 | $381.0M | 92.73 | 4.87% | 40 bp | 24 |
| Sep 2025 | 28 | $1.51B | 92.09 | 4.84% | 30 bp | 55 |
| Aug 2025 | 28 | $1.09B | 89.84 | 4.93% | 29 bp | 28 |
| Jul 2025 | 30 | $420.8M | 90.18 | 4.97% | 26 bp | 24 |
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. 60 added, 60 cut, 11 new holders and 16 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $415.5M | $288.2M | -$3.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $397.5M | $273.6M | $20.1M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $243.6M | $151.5M | -$31.1M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $208.0M | $143.8M | -$22.0M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $161.7M | $118.9M | -$15.4M |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $170.2M | $100.7M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $152.2M | $90.5M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $117.5M | $85.1M | $22.4M |
| Invesco BulletShares 2026 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $66.0M | $65.8M | $21.3M |
| iShares iBonds Dec 2026 Term Corporate ETF iShares Trust | 2026-07-31 | $57.0M | $57.0M | $11.8M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $81.7M | $51.9M | $0 |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $89.6M | $50.9M | -$71.3M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $63.0M | $46.0M | $2.4M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $74.0M | $43.4M | -$2.2M |
| EQ/Intermediate Corporate Bond Portfolio EQ Advisors Trust | 2026-06-30 | $45.3M | $41.7M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $40.7M | $40.5M | $595K |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $52.5M | $39.9M | -$2.0M |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $44.7M | $31.7M | $1.3M |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $32.6M | $30.9M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $30.7M | $30.5M | $1.2M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $43.7M | $30.3M | $6.5M |
| SIIT LONG DURATION CREDIT BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $40.7M | $25.3M | $3.9M |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $22.8M | $21.7M | $0 |
| iShares 10+ Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $28.7M | $20.3M | -$3.1M |
| iShares U.S. Long Credit Bond Index Fund BlackRock Funds | 2026-07-31 | $29.4M | $19.0M | $900K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): SA Federated Hermes Corporate Bond Portfolio ($8.9M), Federated Hermes Corporate Bond Fund ($7.0M), iShares ESG Aware 1-5 Year USD Corporate Bond ETF ($4.7M), State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF ($4.2M), JPMorgan Core Bond Fund ($1.8M), AB GLOBAL BOND FUND, INC. ($913K), Janus Henderson Multi-Sector Income Fund ($718K), LVIP SSGA Short-Term Bond Index Fund ($500K), DWS Total Return Bond Fund ($465K), BATS: Corporate Credit Total Return Series ($400K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 14 | $415.5M | $288.2M | 0.07% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $208.0M | $143.8M | 0.48% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 23 | $161.7M | $118.9M | 0.09% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 16 | $117.5M | $85.1M | 0.92% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $66.0M | $65.8M | 1.73% |
| IBDR iShares iBonds Dec 2026 Term Corporate ETF | 2026-07-31 | 2 | $57.0M | $57.0M | 1.68% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 24 | $63.0M | $46.0M | 0.26% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $40.7M | $40.5M | 0.88% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 10 | $44.7M | $31.7M | 0.37% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 2 | $30.7M | $30.5M | 0.79% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 23 | $43.7M | $30.3M | 0.07% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 20 | $28.7M | $20.3M | 0.77% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 2 | $13.3M | $15.3M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $12.9M | $12.4M | 0.02% |
| IGEB iShares Investment Grade Systematic Bond ETF | 2026-05-31 | 2 | $19.7M | $11.5M | 0.85% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 15.72: safer than 92% of companies (93th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.96T |
| Debt barrier (short-term + ½ long-term debt) | $24.76B |
| Equity volatility (1 year) | 32.5% |
| Asset value / asset volatility (solved) | $3.99T / 32.3% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 82 bp spread prices in about 1.4% 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'' = 4.71 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in MSFT'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 | 1,295 | $46.80B | 22 | $121.5M | 18 | $94.0M | 1 |
| 2026-06-30 | 6,231 | $1.97T | 170 | $52.85B | 212 | $113.61B | 1 |
| 2026-03-31 | 6,212 | $1.63T | 143 | $40.05B | 175 | $99.09B | 1 |
| 2025-12-31 | 6,302 | $2.55T | 131 | $40.04B | 127 | $48.54B | 0 |
| 2025-09-30 | 5,844 | $2.66T | 134 | $44.64B | 134 | $55.23B | 2 |
| 2025-06-30 | 5,809 | $2.56T | 126 | $48.13B | 136 | $55.97B | 3 |
Officials trading MSFT bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-03-26 | President Donald J. Trump | purchase | MICROSOFT CORP B/E 03.300% 020527 DTD020617 FC280617 CALL@MW+158P YTM = 3.988 UNSOLICITED | $15,001 - $50,000 | filing |
| 2026-03-24 | President Donald J. Trump | purchase | MICROSOFT CORP B/E 03.300% 020627 DTD020617 FC080617 CALL@MW+15BP YTM = 3.942 UNSOLICITED | $15,001 - $50,000 | filing |
| 2025-05-15 | William R. Keating | sale | Microsoft Corp | $1,001 - $15,000 | filing |
| 2025-05-14 | William R. Keating | sale full | MICROSOFT CORP NOTE CALL MAKE WHOLE 3.12500% 11/03/2025 | $1,001 - $15,000 | filing |
| 2024-10-25 | Julia Letlow | purchase | Microsoft Corp | $1,001 - $15,000 | filing |
| 2024-10-24 | Julia Letlow | purchase | Microsoft Corp | $1,001 - $15,000 | filing |
| 2024-02-02 | William R. Keating | purchase | Microsoft Corp | $15,001 - $50,000 | filing |
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.