NSTAR Electric Company bonds NSARO
Who owns NSTAR Electric Company'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. NSARO 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 |
|---|---|---|---|---|---|---|---|---|---|
| 67021CAM9 | 3.2% fixed | 2027-05-15 | USD | 99.10 | 4.36% | 40 bp | 5 | $6.6M | Jul 2026 |
| 67021CAN7 | 3.25% fixed | 2029-05-15 | USD | 96.25 | 4.70% | 44 bp | 6 | $5.4M | Jul 2026 |
| 67021CAX5 | 4.85% fixed | 2030-03-01 | USD | 99.97 | 4.86% | 58 bp | 9 | $8.6M | Jul 2026 |
| 67021CAP2 | 3.95% fixed | 2030-04-01 | USD | 96.77 | 4.92% | 64 bp | 5 | $4.1M | Jul 2026 |
| 67021CAY3 | 4.65% fixed | 2031-05-15 | USD | 98.69 | 4.96% | 64 bp | 9 | $34.1M | Jul 2026 |
| 67021CAR8 | 1.95% fixed | 2031-08-15 | USD | 86.82 | 4.93% | 60 bp | 4 | $2.8M | Jul 2026 |
| 67021CAV9 | 5.4% fixed | 2034-06-01 | USD | 100.27 | 5.36% | 86 bp | 6 | $4.4M | Jul 2026 |
| 67021CAW7 | 5.2% fixed | 2035-03-01 | USD | 98.63 | 5.40% | 87 bp | 5 | $2.2M | Jul 2026 |
| 67021CAZ0 | 5.2% fixed | 2036-05-15 | USD | 98.32 | 5.42% | 83 bp | 4 | $12.4M | Jul 2026 |
| 67021CAF4 | 5.5% fixed | 2040-03-15 | USD | 97.25 | 5.79% | 101 bp | 3 | $683K | Jul 2026 |
| 67021CAJ6 | 4.4% fixed | 2044-03-01 | USD | 82.39 | 6.04% | 105 bp | 2 | $597K | Jul 2026 |
| 67021CAQ0 | 3.1% fixed | 2051-06-01 | USD | 62.97 | 5.98% | 88 bp | 4 | $1.9M | Jul 2026 |
| 67021CAS6 | 4.55% fixed | 2052-06-01 | USD | 80.43 | 6.06% | 95 bp | 4 | $841K | Jul 2026 |
| 67021CAT4 | 4.95% fixed | 2052-09-15 | USD | 85.25 | 6.08% | 98 bp | 4 | $1.8M | 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 | 14 | $86.3M | 97.01 | 5.40% | 86 bp | 9 |
| Jun 2026 | 14 | $231.1M | 98.32 | 5.09% | 68 bp | 23 |
| May 2026 | 14 | $198.8M | 98.48 | 5.08% | 66 bp | 18 |
| Apr 2026 | 12 | $66.1M | 97.46 | 5.08% | 85 bp | 10 |
| Mar 2026 | 13 | $196.5M | 98.19 | 5.07% | 90 bp | 31 |
| Feb 2026 | 12 | $204.7M | 98.70 | 4.75% | 73 bp | 19 |
| Jan 2026 | 12 | $67.0M | 98.19 | 4.92% | 76 bp | 12 |
| Dec 2025 | 14 | $200.5M | 98.90 | 4.87% | 84 bp | 27 |
| Nov 2025 | 12 | $190.5M | 98.03 | 4.81% | 74 bp | 19 |
| Oct 2025 | 12 | $68.0M | 97.86 | 4.86% | 77 bp | 12 |
| Sep 2025 | 14 | $196.6M | 98.88 | 4.94% | 77 bp | 31 |
| Aug 2025 | 14 | $173.6M | 98.58 | 4.95% | 76 bp | 18 |
| Jul 2025 | 12 | $62.8M | 96.78 | 5.07% | 72 bp | 13 |
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. 53 added, 27 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 II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $52.1M | $51.3M | $14.5M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $51.5M | $51.2M | $7.3M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $46.9M | $47.6M | $12.1M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $28.1M | $26.4M | $1.7M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $23.8M | $23.4M | new |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $18.8M | $18.5M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $15.5M | $15.7M | $4.4M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $16.6M | $14.5M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.6M | $14.5M | $2.8M |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $12.1M | $12.1M | $3.9M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $12.0M | $11.8M | -$13.0M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $11.6M | $11.5M | $4.1M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $11.6M | $11.5M | $5K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.2M | $11.4M | $1.8M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $9.3M | $9.3M | -$11.7M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $8.9M | $8.0M | $2.5M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $7.6M | $7.6M | -$2.1M |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $7.1M | $7.1M | $102K |
| Hartford Dynamic Bond Fund HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $7.1M | $7.0M | new |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $6.9M | $7.0M | $3.4M |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $6.5M | $6.4M | $0 |
| iShares ESG Aware USD Corporate Bond ETF iShares Trust | 2026-05-31 | $6.5M | $6.1M | $305K |
| SIIT INTERMEDIATE DURATION CREDIT FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $6.1M | $6.1M | $0 |
| JNL/DoubleLine Core Fixed Income Fund JNL Series Trust | 2026-06-30 | $5.0M | $5.0M | $0 |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $5.0M | $4.9M | $112K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Lord Abbett Core Fixed Income Fund ($9.0M), American Balanced Fund ($4.1M), HARTFORD TOTAL RETURN BOND HLS FUND ($645K), Multi-Manager Alternative Strategies Fund ($520K), THE HARTFORD TOTAL RETURN BOND FUND ($325K), Destinations Core Fixed Income Fund ($305K), JNL/PPM America Investment Grade Credit Fund ($250K), Invesco Core Bond Fund ($220K), Brighthouse/Wellington Balanced Portfolio ($190K), GuideMark Core Fixed Income Fund ($125K).
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 | 9 | $51.5M | $51.2M | 0.01% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $46.9M | $47.6M | 0.07% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $28.1M | $26.4M | 0.02% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $15.5M | $15.7M | 0.03% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $14.6M | $14.5M | 0.08% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 8 | $12.1M | $12.1M | 0.10% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $11.6M | $11.5M | 0.10% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $11.6M | $11.5M | 0.05% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $12.2M | $11.4M | 0.07% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $9.3M | $9.3M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 13 | $8.9M | $8.0M | 0.02% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $7.6M | $7.6M | 0.01% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $7.1M | $7.1M | 0.15% |
| SUSC iShares ESG Aware USD Corporate Bond ETF | 2026-05-31 | 14 | $6.5M | $6.1M | 0.43% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 1 | $5.0M | $4.9M | 0.13% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 7.98: safer than 72% of companies (74th percentile in Utilities). Market-implied, prices to 2026-10-15, balance sheet 2026-06-30.
| Equity value | $27.98B |
| Debt barrier (short-term + ½ long-term debt) | $16.20T |
| Equity volatility (1 year) | 12.5% |
| Asset value / asset volatility (solved) | $15.55T / 0.0% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 86 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'' = 0.67 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
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.