Synchrony Financial bonds SYF
Who owns Synchrony Financial'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. SYF 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 |
|---|---|---|---|---|---|---|---|---|---|
| 87165BAL7 | 3.7% fixed | 2026-08-04 | USD | 100.00 | 3.74% | 1 bp | 7 | $15.8M | Jul 2026 |
| 87166FAE3 | 5.625% fixed | 2027-08-23 | USD | 100.97 | 4.68% | 62 bp | 16 | $26.8M | Jul 2026 |
| 87165BAM5 | 3.95% fixed | 2027-12-01 | USD | 98.87 | 4.83% | 72 bp | 17 | $36.4M | Jul 2026 |
| 87165BAP8 | 5.15% fixed | 2029-03-19 | USD | 99.74 | 5.25% | 101 bp | 20 | $41.7M | Jul 2026 |
| 87165BAX1 | 5.019% fixed | 2029-07-29 | USD | 99.72 | 5.12% | 86 bp | 25 | $35.3M | Jul 2026 |
| 87165BAV5 | 5.935% fixed | 2030-08-02 | USD | 101.49 | 5.52% | 122 bp | 18 | $9.3M | Jul 2026 |
| 87165BBC6 | 5.45% fixed | 2030-10-15 | USD | 100.14 | 5.41% | 111 bp | 32 | $40.0M | Jul 2026 |
| 87165BAW3 | 5.45% fixed | 2031-03-06 | USD | 99.62 | 5.54% | 123 bp | 25 | $24.0M | Jul 2026 |
| 87165BBA0 | 7.25% fixed | 2031-08-15 | USD | 98.36 | 7.65% | 331 bp | 17 | $35.4M | Jul 2026 |
| 87165BAR4 | 2.875% fixed | 2031-10-28 | USD | 87.52 | 5.66% | 131 bp | 20 | $22.3M | Jul 2026 |
| 87165BAZ6 | 4.947% fixed | 2032-02-25 | USD | 96.86 | 5.61% | 124 bp | 19 | $18.6M | Jul 2026 |
| 87165BAU7 | 7.25% fixed | 2033-02-02 | USD | 102.76 | 6.72% | 229 bp | 30 | $50.8M | Jul 2026 |
| 87165BAY9 | 6% fixed | 2036-07-29 | USD | 98.61 | 6.19% | 159 bp | 12 | $5.2M | Jul 2026 |
| 87165BBD4 | 6.276% fixed | 2037-07-31 | USD | 99.96 | 6.28% | 163 bp | 14 | $18.7M | 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 | $380.4M | 99.73 | 5.54% | 123 bp | 32 |
| Jun 2026 | 12 | $1.38B | 100.00 | 5.45% | 122 bp | 65 |
| May 2026 | 11 | $613.4M | 100.14 | 5.41% | 124 bp | 34 |
| Apr 2026 | 11 | $315.3M | 100.01 | 5.40% | 142 bp | 33 |
| Mar 2026 | 11 | $1.30B | 99.89 | 5.49% | 161 bp | 62 |
| Feb 2026 | 11 | $591.5M | 101.63 | 4.96% | 125 bp | 35 |
| Jan 2026 | 10 | $255.2M | 101.46 | 5.01% | 119 bp | 35 |
| Dec 2025 | 10 | $1.35B | 101.70 | 4.89% | 113 bp | 65 |
| Nov 2025 | 10 | $576.5M | 101.81 | 4.95% | 120 bp | 35 |
| Oct 2025 | 10 | $251.5M | 101.62 | 5.07% | 133 bp | 35 |
| Sep 2025 | 10 | $1.39B | 101.58 | 5.05% | 132 bp | 67 |
| Aug 2025 | 10 | $566.2M | 101.17 | 5.04% | 113 bp | 35 |
| Jul 2025 | 11 | $287.1M | 100.31 | 5.17% | 119 bp | 32 |
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. 126 added, 83 cut, 38 new holders and 17 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $178.7M | $176.4M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $167.1M | $166.0M | $0 |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $102.7M | $102.7M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $89.1M | $89.3M | $19.5M |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $62.7M | $63.2M | $7.3M |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $59.1M | $59.4M | $4.2M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $57.1M | $57.0M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $53.0M | $54.5M | $0 |
| Baird Intermediate Bond Fund Baird Funds Inc | 2026-06-30 | $53.6M | $53.5M | $2.5M |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $52.9M | $52.5M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $47.6M | $43.6M | $14.5M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $39.4M | $39.4M | $0 |
| Baird Ultra Short Bond Fund Baird Funds Inc | 2026-06-30 | $34.1M | $34.2M | $15.1M |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $34.0M | $33.6M | $0 |
| American Funds Strategic Bond Fund | 2026-06-30 | $31.5M | $31.6M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $27.6M | $27.5M | -$195K |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $25.8M | $25.9M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $25.4M | $25.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $25.2M | $25.0M | $784K |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $24.3M | $24.3M | $0 |
| Bond Fund of America | 2026-06-30 | $23.8M | $23.9M | $0 |
| Capital Group Core Plus Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $23.5M | $23.9M | $1.5M |
| American Balanced Fund | 2026-06-30 | $23.1M | $23.3M | $0 |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $22.1M | $23.0M | $2.9M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $23.3M | $22.7M | -$470K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): First Trust Smith Opportunistic Fixed Income ETF ($2.7M), First Trust Smith Unconstrained Bond ETF ($2.6M), BBH Limited Duration Fund ($2.2M), Fixed Income SHares: Series C ($1.1M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($1.0M), AVIP BlackRock Balanced Allocation Portfolio ($1.0M), BrandywineGLOBAL - Flexible Bond Fund ($920K), Virtus Newfleet Low Duration Core Plus Bond Fund ($340K), WisdomTree Yield Enhanced U.S. Aggregate Bond Fund ($282K), Madison Aggregate Bond ETF ($275K).
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 |
|---|---|---|---|---|---|
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $89.1M | $89.3M | 0.18% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $47.6M | $43.6M | 0.06% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $27.6M | $27.5M | 0.12% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $25.2M | $25.0M | 0.01% |
| CGCP Capital Group Core Plus Income ETF | 2026-06-30 | 3 | $23.5M | $23.9M | 0.29% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 9 | $23.3M | $22.7M | 0.02% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $20.8M | $21.0M | 0.03% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 3 | $17.9M | $18.3M | 0.35% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $18.1M | $18.1M | 0.25% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 1 | $17.2M | $17.7M | 0.06% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 4 | $15.3M | $15.3M | 0.14% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 3 | $14.2M | $14.1M | 0.64% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $13.7M | $13.7M | 0.08% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 9 | $13.2M | $13.0M | 0.11% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 1 | $11.2M | $11.7M | 0.07% |
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 123 bp spread prices in about 2.1% 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 SYF'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 | 125 | $249.3M | 1 | $213K | 1 | $291K | 0 |
| 2026-06-30 | 994 | $25.61B | 18 | $94.4M | 19 | $116.0M | 0 |
| 2026-03-31 | 949 | $19.65B | 21 | $102.2M | 20 | $129.6M | 0 |
| 2025-12-31 | 977 | $29.36B | 24 | $191.9M | 27 | $426.7M | 1 |
| 2025-09-30 | 916 | $25.94B | 27 | $138.1M | 28 | $143.1M | 1 |
| 2025-06-30 | 865 | $25.30B | 26 | $129.5M | 27 | $113.4M | 1 |
Officials trading SYF bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-06-02 | Ro Khanna | purchase | Synchrony Financial | $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.