The PNC Financial Services Group, Inc. bonds PNC
Who owns The PNC Financial Services Group, Inc.'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. PNC 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 |
|---|---|---|---|---|---|---|---|---|---|
| 693475BB0 | 1.15% fixed | 2026-08-13 | USD | 99.91 | 3.73% | 0 bp | 5 | $11.3M | Jul 2026 |
| 693475BC8 | 3.4% fixed | 2026-09-15 | USD | 99.60 | 6.59% | 286 bp | 20 | $47.3M | Jul 2026 |
| 693475AQ8 | 5% fixed | 2026-11-01 | USD | 99.78 | 5.84% | 211 bp | 1 | $22K | Jul 2026 |
| 69353RFY9 | 4.543% fixed | 2027-05-13 | USD | 100.01 | 4.53% | 84 bp | 13 | $159.2M | Apr 2026 |
| 693475BD6 | 6% fixed | 2027-05-15 | USD | 100.13 | 5.81% | 186 bp | 20 | $58.2M | Jul 2026 |
| 693475AT2 | 3.15% fixed | 2027-05-19 | USD | 99.12 | 4.28% | 31 bp | 5 | $6.4M | Jul 2026 |
| 693475BY0 | 5.102% fixed | 2027-07-23 | USD | 100.03 | 5.07% | 115 bp | 15 | $51.6M | Jun 2026 |
| 693475BF1 | 6.2% fixed | 2027-09-15 | USD | 100.71 | 5.54% | 146 bp | 22 | $57.6M | Jul 2026 |
| 693475BT1 | 6.615% fixed | 2027-10-20 | USD | 100.42 | 6.24% | 215 bp | 19 | $44.6M | Jul 2026 |
| 69353RFG8 | 3.1% fixed | 2027-10-25 | USD | 98.42 | 4.43% | 34 bp | 10 | $12.7M | Jul 2026 |
| 693475BV6 | 5.3% fixed | 2028-01-21 | USD | 100.36 | 5.04% | 91 bp | 12 | $27.5M | Jul 2026 |
| 69353RFJ2 | 3.25% fixed | 2028-01-22 | USD | 98.29 | 4.46% | 33 bp | 8 | $12.0M | Jul 2026 |
| 69349AAA0 | 4.492% floating | 2028-06-01 | USD | 98.81 | — | — | 8 | $8.9M | Jun 2026 |
| 69353RFZ6 | 4.429% fixed | 2028-07-21 | USD | 99.82 | 4.52% | 31 bp | 12 | $58.4M | Jul 2026 |
| 69349LAR9 | 4.05% fixed | 2028-07-26 | USD | 98.72 | 4.73% | 51 bp | 14 | $22.7M | Jul 2026 |
| 693475BK0 | 5.354% fixed | 2028-12-02 | USD | 100.88 | 4.95% | 72 bp | 12 | $36.8M | Jul 2026 |
| 693475CG8 | 4.075% fixed | 2029-01-26 | USD | 99.07 | 4.48% | 24 bp | 24 | $142.1M | Jul 2026 |
| 693475CH6 | 4.286% floating | 2029-01-26 | USD | 99.95 | — | — | 14 | $86.2M | Jul 2026 |
| 693475AW5 | 3.45% fixed | 2029-04-23 | USD | 96.85 | 4.69% | 44 bp | 14 | $25.5M | Jul 2026 |
| 693475BR5 | 5.582% fixed | 2029-06-12 | USD | 101.47 | 5.02% | 77 bp | 26 | $166.6M | Jul 2026 |
| 69349LAS7 | 2.7% fixed | 2029-10-22 | USD | 93.30 | 4.97% | 70 bp | 16 | $90.0M | Jul 2026 |
| 693475CK9 | 4.346% floating | 2029-10-26 | USD | 99.94 | — | — | 12 | $74.5M | Jul 2026 |
| 693475CJ2 | 4.618% fixed | 2029-10-26 | USD | 99.66 | 4.73% | 46 bp | 25 | $179.8M | Jul 2026 |
| 693475AZ8 | 2.55% fixed | 2030-01-22 | USD | 92.49 | 4.93% | 65 bp | 17 | $31.1M | Jul 2026 |
| 693475BP9 | 6.25% fixed | 2030-03-15 | USD | 101.08 | 5.91% | 163 bp | 24 | $161.0M | Jul 2026 |
| 693475BX2 | 5.492% fixed | 2030-05-14 | USD | 101.54 | 5.04% | 75 bp | 15 | $136.5M | Jul 2026 |
| 693475CL7 | 4.831% fixed | 2030-07-19 | USD | 99.82 | 4.88% | 59 bp | 22 | $65.0M | Jul 2026 |
| 693475CB9 | 5.22% variable | 2031-01-29 | USD | 100.75 | — | — | 15 | $74.5M | Jul 2026 |
| 693475CD5 | 4.899% fixed | 2031-05-13 | USD | 99.64 | 4.98% | 66 bp | 17 | $120.7M | Jul 2026 |
| 693475BA2 | 2.31% fixed | 2032-04-23 | USD | 88.28 | 4.67% | 29 bp | 7 | $15.6M | Jul 2026 |
| 693475CA1 | 4.812% fixed | 2032-10-21 | USD | 98.42 | 5.11% | 70 bp | 16 | $13.2M | Jul 2026 |
| 693475BE4 | 4.626% variable | 2033-06-06 | USD | 95.85 | — | — | 14 | $17.9M | Jul 2026 |
| 693475BJ3 | 6.037% fixed | 2033-10-28 | USD | 103.75 | 5.40% | 93 bp | 12 | $98.9M | Jul 2026 |
| 693475BM6 | 5.068% fixed | 2034-01-24 | USD | 98.44 | 5.32% | 84 bp | 13 | $46.8M | Jul 2026 |
| 693475BS3 | 5.939% variable | 2034-08-18 | USD | 103.36 | — | — | 11 | $41.6M | Jul 2026 |
| 693475BU8 | 6.875% fixed | 2034-10-20 | USD | 108.44 | 5.58% | 106 bp | 22 | $146.6M | Jul 2026 |
| 693475BW4 | 5.676% fixed | 2035-01-22 | USD | 101.09 | 5.51% | 98 bp | 30 | $92.0M | Jul 2026 |
| 693475BZ7 | 5.401% fixed | 2035-07-23 | USD | 99.37 | 5.49% | 94 bp | 12 | $55.5M | Jul 2026 |
| 693475CC7 | 5.575% fixed | 2036-01-29 | USD | 100.42 | 5.52% | 94 bp | 21 | $41.5M | Jul 2026 |
| 693475CE3 | 5.373% fixed | 2036-07-21 | USD | 98.81 | 5.53% | 93 bp | 36 | $39.5M | Jul 2026 |
| 693475CM5 | 5.463% variable | 2037-07-21 | USD | 98.96 | — | — | 21 | $85.3M | Jul 2026 |
| 693475CF0 | 5.423% fixed | 2041-01-25 | USD | 95.77 | 5.86% | 103 bp | 34 | $107.5M | 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 | 39 | $2.55B | 99.78 | 5.03% | 73 bp | 36 |
| Jun 2026 | 40 | $4.26B | 100.03 | 4.90% | 73 bp | 96 |
| May 2026 | 40 | $3.49B | 100.08 | 4.82% | 71 bp | 57 |
| Apr 2026 | 38 | $2.55B | 100.05 | 4.80% | 89 bp | 39 |
| Mar 2026 | 39 | $4.27B | 100.00 | 4.82% | 97 bp | 107 |
| Feb 2026 | 39 | $3.49B | 100.90 | 4.43% | 76 bp | 56 |
| Jan 2026 | 38 | $2.68B | 100.69 | 4.50% | 80 bp | 45 |
| Dec 2025 | 38 | $4.23B | 100.91 | 4.50% | 82 bp | 97 |
| Nov 2025 | 38 | $3.55B | 100.67 | 4.47% | 81 bp | 56 |
| Oct 2025 | 38 | $2.73B | 100.68 | 4.61% | 92 bp | 43 |
| Sep 2025 | 39 | $4.44B | 100.67 | 4.59% | 86 bp | 97 |
| Aug 2025 | 38 | $3.60B | 100.70 | 4.63% | 82 bp | 55 |
| Jul 2025 | 38 | $2.74B | 100.15 | 4.77% | 78 bp | 45 |
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. 209 added, 195 cut, 30 new holders and 51 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 | $616.0M | $619.8M | -$4.4M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $539.3M | $555.8M | -$31.2M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $454.4M | $464.6M | $13.8M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $442.9M | $444.2M | $54.9M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $414.9M | $418.8M | -$24.3M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $336.5M | $337.6M | $23.9M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $307.2M | $303.3M | $29.6M |
| Bond Fund of America | 2026-06-30 | $185.4M | $189.9M | -$2.6M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $159.9M | $164.4M | $5.0M |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $159.3M | $160.8M | -$3.1M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $155.5M | $156.0M | $2.4M |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $147.0M | $146.3M | $64.6M |
| Spectrum Preferred and Capital Securities Income Fund Principal Funds, Inc | 2026-05-31 | $124.2M | $126.7M | -$2.0M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $124.9M | $125.6M | $8.0M |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $123.4M | $123.0M | $32.9M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $120.0M | $118.1M | -$21.1M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $111.3M | $114.4M | -$2.5M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $112.3M | $111.4M | $5.4M |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $105.9M | $105.8M | $50.9M |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $102.9M | $103.2M | $44.1M |
| American Funds Strategic Bond Fund | 2026-06-30 | $95.1M | $102.0M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $88.2M | $93.4M | $0 |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $97.0M | $91.2M | -$4.8M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $85.8M | $88.1M | $3.7M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $83.6M | $84.7M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Navigator Tactical Fixed Income Fund ($35.1M), College Retirement Equities Fund - Responsible Balanced Account ($14.6M), Calvert Short Duration Income Fund ($14.6M), BlackRock Low Duration Bond Portfolio ($11.2M), Nuveen Short Term Bond Fund ($11.2M), iShares Short Duration Bond Active ETF ($9.0M), BlackRock High Yield Portfolio ($7.4M), Calvert Ultra-Short Duration Income Fund ($6.8M), BlackRock Credit Allocation Income Trust ($6.8M), Janus Henderson Flexible Bond Fund ($5.6M).
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 | 18 | $616.0M | $619.8M | 0.16% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 11 | $539.3M | $555.8M | 0.81% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 14 | $307.2M | $303.3M | 0.60% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 11 | $159.9M | $164.4M | 0.31% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 15 | $159.3M | $160.8M | 0.54% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 27 | $155.5M | $156.0M | 0.11% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 3 | $124.9M | $125.6M | 0.33% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 12 | $120.0M | $118.1M | 0.17% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $111.3M | $114.4M | 0.63% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $112.3M | $111.4M | 0.51% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 7 | $105.9M | $105.8M | 1.18% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 9 | $102.9M | $103.2M | 0.97% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 11 | $85.8M | $88.1M | 0.76% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 25 | $81.8M | $82.1M | 0.71% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 27 | $64.3M | $64.8M | 0.37% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 73 bp spread prices in about 1.2% 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
Not available.
The stock side: 13F filings
What institutions report holding in PNC'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 | 338 | $1.32B | 0 | — | 0 | — | 0 |
| 2026-06-30 | 2,028 | $80.95B | 38 | $475.3M | 36 | $590.3M | 0 |
| 2026-03-31 | 1,912 | $57.29B | 31 | $280.3M | 27 | $326.4M | 0 |
| 2025-12-31 | 1,872 | $68.42B | 31 | $366.9M | 31 | $336.2M | 0 |
| 2025-09-30 | 1,784 | $65.81B | 31 | $288.6M | 33 | $560.6M | 0 |
| 2025-06-30 | 1,751 | $61.33B | 33 | $208.3M | 35 | $607.4M | 0 |
Officials trading PNC bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-05-12 | Jefferson Shreve | sale full | PNC Finl Svc 6.875 10/20/34 '33 FRN | $50,001 - $100,000 | filing |
| 2023-06-28 | Ro Khanna | sale | The PNC Financial Services Group Inc | $15,001 - $50,000 | filing |
| 2023-06-22 | Ro Khanna | purchase | The PNC Financial Services Group Inc | $15,001 - $50,000 | filing |
| 2023-05-04 | Ro Khanna | purchase | The PNC Financial Services Group Inc | $1,001 - $15,000 | filing |
| 2023-04-20 | Ro Khanna | purchase | The PNC Financial Services Group Inc | $1,001 - $15,000 | 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.