Bonds · Corporate issuer
AT&T Inc. bonds T
Who owns AT&T 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. T stock page.
Held by funds
$2.43B
98 bonds, fund marks Jul 2026
Fund holders
842
+29 vs prior quarter
USD spread over Treasuries
134 bp
+22 bp in a month · fund-reported
USD yield
6.12%
median yield to maturity · fund-reported
Distance-to-default
60th pct
safer than 60% of companies · market-implied, 2026-10-16
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 |
|---|---|---|---|---|---|---|---|---|---|
| 00206RGJ5 | 7.3% fixed | 2026-08-15 | USD | 100.32 | 4.70% | 104 bp | 2 | $3.8M | Jun 2026 |
| 00206RHG0 | 1.8% fixed | 2026-09-05 | EUR | 99.85 | 2.62% | — | 1 | $251K | Jun 2026 |
| 00206RGE6 | 2.9% fixed | 2026-12-04 | GBP | 99.35 | 4.45% | — | 6 | $2.0M | Jun 2026 |
| 00206RHW5 | 3.8% fixed | 2027-02-15 | USD | 99.66 | 4.44% | 59 bp | 12 | $63.0M | Jul 2026 |
| 00206RDQ2 | 4.25% fixed | 2027-03-01 | USD | 99.94 | 4.36% | 48 bp | 11 | $75.5M | Jul 2026 |
| EG2525376 | 5.5% fixed | 2027-03-15 | GBP | 100.52 | 4.73% | — | 1 | $18.9M | Jun 2026 |
| 00206RJX1 | 2.3% fixed | 2027-06-01 | USD | 98.22 | 4.49% | 50 bp | 11 | $85.8M | Jul 2026 |
| 00206RGN6 | 6.55% fixed | 2028-01-15 | USD | 101.75 | 5.28% | 115 bp | 1 | $102K | Jul 2026 |
| 00206RHX3 | 6.95% fixed | 2028-01-15 | USD | 103.41 | 4.63% | 61 bp | 2 | $2.9M | Jun 2026 |
| 00206RKG6 | 1.65% fixed | 2028-02-01 | USD | 95.63 | 4.70% | 56 bp | 16 | $72.0M | Jul 2026 |
| 00206RGL0 | 4.1% fixed | 2028-02-15 | USD | 99.09 | 4.72% | 58 bp | 15 | $146.8M | Jul 2026 |
| 00206RJU7 | 1.6% fixed | 2028-05-19 | EUR | 97.16 | 3.25% | — | 2 | $2.1M | Jul 2026 |
| AU3CB0256915 | 4.6% fixed | 2028-09-19 | AUD | 98.50 | 5.35% | — | 3 | $7.2M | Jul 2026 |
| 00206RHJ4 | 4.35% fixed | 2029-03-01 | USD | 98.78 | 4.85% | 61 bp | 22 | $51.1M | Jul 2026 |
| 00206RHH8 | 2.35% fixed | 2029-09-05 | EUR | 96.83 | 3.45% | — | 3 | $15.9M | Jul 2026 |
| XS1374392717 | 4.38% fixed | 2029-09-14 | GBP | 97.55 | 5.24% | — | 2 | $5.5M | Jul 2026 |
| 04650NAE4 | 2.6% fixed | 2029-12-17 | EUR | 97.19 | 3.49% | — | 5 | $14.4M | Jul 2026 |
| 00206RES7 | 4.3% fixed | 2030-02-15 | USD | 97.83 | 4.97% | 70 bp | 1 | $103K | Jul 2026 |
| 00206RGQ9 | 4.3% fixed | 2030-02-15 | USD | 97.78 | 4.99% | 71 bp | 19 | $84.2M | Jul 2026 |
| 00206RJP8 | 0.8% fixed | 2030-03-04 | EUR | 90.86 | 3.56% | — | 3 | $13.5M | Jul 2026 |
| 00206RMU3 | 3.15% fixed | 2030-06-01 | EUR | 98.35 | 3.62% | — | 6 | $12.9M | Jul 2026 |
| XS3458960823 | 3.6% fixed | 2030-08-03 | EUR | 99.72 | 3.68% | — | 6 | $25.3M | Jul 2026 |
| 00206RMX7 | 4.7% fixed | 2030-08-15 | USD | 98.73 | 5.05% | 76 bp | 15 | $51.7M | Jul 2026 |
| 00206RMR0 | 3.95% fixed | 2031-04-30 | EUR | 100.76 | 3.77% | — | 3 | $13.6M | Jul 2026 |
| 00206RNF5 | 4.4% fixed | 2031-04-30 | USD | 97.21 | 5.07% | 74 bp | 13 | $145.3M | Jul 2026 |
| 00206RJY9 | 2.75% fixed | 2031-06-01 | USD | 90.05 | 5.10% | 77 bp | 26 | $80.2M | Jul 2026 |
| 00206RGU0 | 8.75% fixed | 2031-11-15 | USD | 113.90 | 5.67% | 132 bp | 1 | $473K | Jul 2026 |
| 00206RGT3 | 7.125% fixed | 2031-12-15 | USD | 109.02 | 5.21% | 97 bp | 3 | $681K | Jun 2026 |
| 00206RKH4 | 2.25% fixed | 2032-02-01 | USD | 85.86 | 5.24% | 88 bp | 20 | $156.4M | Jul 2026 |
| 00206RJA1 | 7.7% fixed | 2032-05-01 | USD | 111.91 | 5.33% | 110 bp | 1 | $1.1M | May 2026 |
| 00206RJV5 | 2.05% fixed | 2032-05-19 | EUR | 90.61 | 3.89% | — | 2 | $4.1M | Jul 2026 |
| 00206RNB4 | 4.55% fixed | 2032-11-01 | USD | 96.06 | 5.30% | 88 bp | 20 | $34.1M | Jul 2026 |
| EJ4795344 | 3.55% fixed | 2032-12-17 | EUR | 97.75 | 3.95% | — | 4 | $14.6M | Jul 2026 |
| 00206RNG3 | 4.75% fixed | 2033-04-30 | USD | 96.02 | 5.46% | 102 bp | 19 | $120.2M | Jul 2026 |
| 00206RMV1 | 3.6% fixed | 2033-06-01 | EUR | 97.28 | 4.06% | — | 2 | $449K | Jul 2026 |
| XS1374393103 | 5.2% fixed | 2033-11-18 | GBP | 96.22 | 5.84% | — | 4 | $14.9M | Jul 2026 |
| 00206RMM1 | 2.55% fixed | 2033-12-01 | USD | 82.36 | 5.50% | 103 bp | 24 | $93.5M | Jul 2026 |
| 00206RMT6 | 5.4% fixed | 2034-02-15 | USD | 99.26 | 5.52% | 104 bp | 18 | $84.5M | Jul 2026 |
| 78387GAM5 | 6.45% fixed | 2034-06-15 | USD | 107.08 | 5.35% | 97 bp | 1 | $1.1M | Jun 2026 |
| XS3458961045 | 4.15% fixed | 2034-08-03 | EUR | 99.66 | 4.20% | — | 2 | $1.1M | Jul 2026 |
| 78387GAQ6 | 6.15% fixed | 2034-09-15 | USD | 104.35 | 5.49% | 110 bp | 2 | $1.5M | May 2026 |
| 00206RGW6 | 6% fixed | 2034-11-15 | USD | 99.76 | 6.04% | 152 bp | 1 | $20K | Jul 2026 |
| 00206RMS8 | 4.3% fixed | 2034-11-18 | EUR | 100.71 | 4.19% | — | 6 | $5.8M | Jul 2026 |
| 00206RCJ9 | 2.45% fixed | 2035-03-15 | EUR | 87.04 | 4.28% | — | 2 | $16.2M | Jul 2026 |
| 00206RCP5 | 4.5% fixed | 2035-05-15 | USD | 91.78 | 5.70% | 116 bp | 23 | $34.8M | Jul 2026 |
| 00206RMY5 | 5.375% fixed | 2035-08-15 | USD | 97.88 | 5.68% | 112 bp | 12 | $169.6M | Jul 2026 |
| 00206RNC2 | 4.9% fixed | 2035-11-01 | USD | 94.25 | 5.71% | 114 bp | 15 | $8.7M | Jul 2026 |
| 00206RNL2 | 4.5% fixed | 2036-03-12 | CAD | 97.28 | 4.86% | — | 3 | $14.8M | Jul 2026 |
| 00206RNH1 | 5.125% fixed | 2036-04-30 | USD | 95.29 | 5.76% | 117 bp | 19 | $14.4M | Jul 2026 |
| 00206RAB8 | 6.8% fixed | 2036-05-15 | USD | 106.38 | 5.93% | 134 bp | 1 | $558K | Jul 2026 |
| 00206REF5 | 3.15% fixed | 2036-09-04 | EUR | 89.71 | 4.44% | — | 4 | $19.8M | Jul 2026 |
| 00206RNN8 | 5.25% fixed | 2036-10-30 | USD | 95.33 | 5.86% | 125 bp | 18 | $29.0M | Jul 2026 |
| 00206RDR0 | 5.25% fixed | 2037-03-01 | USD | 95.12 | 5.87% | 124 bp | 4 | $3.0M | Jul 2026 |
| 00206RMW9 | 4.05% fixed | 2037-06-01 | EUR | 96.28 | 4.49% | — | 2 | $11.4M | Jul 2026 |
| 00206RFW7 | 4.9% fixed | 2037-08-15 | USD | 92.23 | 5.87% | 121 bp | 10 | $10.2M | Jul 2026 |
| 00206RAG7 | 6.3% fixed | 2038-01-15 | USD | 102.48 | 6.00% | 132 bp | 8 | $8.9M | Jul 2026 |
| 00206RJW3 | 2.6% fixed | 2038-05-19 | EUR | 82.51 | 4.55% | — | 3 | $13.8M | Jul 2026 |
| XS3458961128 | 4.55% fixed | 2038-08-03 | EUR | 99.43 | 4.61% | — | 3 | $3.6M | Jul 2026 |
| 00206RAS1 | 6.55% fixed | 2039-02-15 | USD | 104.68 | 6.01% | 128 bp | 2 | $696K | Jul 2026 |
| 00206RHK1 | 4.85% fixed | 2039-03-01 | USD | 89.20 | 6.09% | 136 bp | 11 | $9.4M | Jul 2026 |
| 00206RJQ6 | 1.8% fixed | 2039-09-14 | EUR | 72.84 | 4.60% | — | 1 | $840K | Jul 2026 |
| 00206RDE9 | 6.35% fixed | 2040-03-15 | USD | 101.46 | 6.19% | 154 bp | 1 | $51K | Jun 2026 |
| 00206RAU6 | 7% fixed | 2040-04-30 | GBP | 102.24 | 6.75% | — | 6 | $24.7M | Jul 2026 |
| 00206RJE3 | 6.1% fixed | 2040-07-15 | USD | 98.25 | 6.29% | 149 bp | 1 | $49K | Jul 2026 |
| 00206RDF6 | 6% fixed | 2040-08-15 | USD | 98.68 | 6.14% | 134 bp | 5 | $898K | Jul 2026 |
| 04650NAB0 | 5.35% fixed | 2040-09-01 | USD | 93.07 | 6.09% | 128 bp | 5 | $1.9M | Jul 2026 |
| 00206RDG4 | 6.38% fixed | 2041-03-01 | USD | 102.27 | 6.14% | 131 bp | 9 | $6.0M | Jul 2026 |
| 00206RJF0 | 6.25% fixed | 2041-03-29 | USD | 99.75 | 6.28% | 144 bp | 3 | $5.9M | Jul 2026 |
| 00206RJZ6 | 3.5% fixed | 2041-06-01 | USD | 73.62 | 6.25% | 141 bp | 29 | $60.7M | Jul 2026 |
| 00206RBA9 | 5.55% fixed | 2041-08-15 | USD | 93.47 | 6.22% | 137 bp | 6 | $1.8M | Jul 2026 |
| 00206RDH2 | 5.15% fixed | 2042-03-15 | USD | 87.83 | 6.39% | 150 bp | 4 | $2.3M | Jul 2026 |
| 00206RJH6 | 4.9% fixed | 2042-06-15 | USD | 86.41 | 6.26% | 150 bp | 1 | $130K | Jun 2026 |
| 00206RBH4 | 4.3% fixed | 2042-12-15 | USD | 78.09 | 6.49% | 157 bp | 7 | $7.7M | Jul 2026 |
| 00206RKD3 | 3.1% fixed | 2043-02-01 | USD | 68.10 | 6.22% | 129 bp | 7 | $1.4M | Jul 2026 |
| U04644AH0 | 4.25% fixed | 2043-06-01 | GBP | 73.73 | 6.91% | — | 5 | $19.2M | Jul 2026 |
| 00206RJK9 | 4.65% fixed | 2044-06-01 | USD | 80.41 | 6.52% | 152 bp | 3 | $1.3M | Jul 2026 |
| 00206RBE1 | 4.875% fixed | 2044-06-01 | GBP | 79.06 | 6.94% | — | 5 | $16.4M | Jul 2026 |
| 00206RCG5 | 4.8% fixed | 2044-06-15 | USD | 81.66 | 6.56% | 156 bp | 2 | $875K | Jul 2026 |
| 00206RBK7 | 4.35% fixed | 2045-06-15 | USD | 75.95 | 6.60% | 154 bp | 7 | $4.3M | Jul 2026 |
| 00206RJL7 | 4.85% fixed | 2045-07-15 | USD | 82.42 | 6.47% | 142 bp | 1 | $359K | Jul 2026 |
| XS3458961391 | 5.05% fixed | 2045-08-03 | EUR | 99.69 | 5.08% | — | 3 | $4.6M | Jul 2026 |
| 00206RND0 | 5.55% fixed | 2045-11-01 | USD | 88.11 | 6.65% | 158 bp | 8 | $6.1M | Jul 2026 |
| 00206RNJ7 | 5.85% fixed | 2046-04-30 | USD | 91.00 | 6.68% | 158 bp | 14 | $22.9M | Jul 2026 |
| 00206RCQ3 | 4.75% fixed | 2046-05-15 | USD | 79.39 | 6.63% | 154 bp | 13 | $5.9M | Jul 2026 |
| 00206RHA3 | 5.15% fixed | 2046-11-15 | USD | 83.63 | 6.63% | 152 bp | 3 | $1.3M | Jul 2026 |
| 00206RCU4 | 5.65% fixed | 2047-02-15 | USD | 90.17 | 6.52% | 142 bp | 4 | $1.5M | Jul 2026 |
| 00206RDS8 | 5.45% fixed | 2047-03-01 | USD | 87.44 | 6.57% | 146 bp | 5 | $1.3M | Jul 2026 |
| 00206RDY5 | 4.85% fixed | 2047-05-25 | CAD | 90.34 | 5.64% | — | 4 | $5.3M | Jul 2026 |
| 00206RDJ8 | 4.5% fixed | 2048-03-09 | USD | 75.31 | 6.67% | 156 bp | 8 | $4.5M | Jul 2026 |
| 00206RDL3 | 4.5% fixed | 2048-03-09 | USD | 80.19 | 6.17% | 121 bp | 1 | $553K | Jun 2026 |
| 00206RGC0 | 5.1% fixed | 2048-11-25 | CAD | 92.96 | 5.66% | — | 4 | $5.7M | Jul 2026 |
| 00206RDK5 | 4.55% fixed | 2049-03-09 | USD | 75.27 | 6.69% | 158 bp | 4 | $1.5M | Jul 2026 |
| 00206RFU1 | 5.15% fixed | 2050-02-15 | USD | 83.07 | 6.57% | 147 bp | 4 | $1.3M | Jul 2026 |
| 00206RKA9 | 3.65% fixed | 2051-06-01 | USD | 63.38 | 6.69% | 159 bp | 16 | $26.1M | Jul 2026 |
| 00206RKE1 | 3.3% fixed | 2052-02-01 | USD | 58.89 | 6.68% | 157 bp | 8 | $5.4M | Jul 2026 |
| XS3458961474 | 7.05% fixed | 2052-08-03 | GBP | 100.11 | 7.04% | — | 3 | $10.9M | Jul 2026 |
| 00206RKJ0 | 3.5% fixed | 2053-09-15 | USD | 60.42 | 6.68% | 158 bp | 30 | $40.1M | Jul 2026 |
| 00206RNE8 | 5.7% fixed | 2054-11-01 | USD | 86.33 | 6.79% | 169 bp | 19 | $15.8M | Jul 2026 |
| 00206RLJ9 | 3.55% fixed | 2055-09-15 | USD | 59.99 | 6.69% | 159 bp | 32 | $41.2M | Jul 2026 |
| 00206RNM0 | 5.25% fixed | 2056-03-12 | CAD | 93.11 | 5.74% | — | 3 | $14.5M | Jul 2026 |
| 00206RNK4 | 6% fixed | 2056-04-30 | USD | 89.85 | 6.80% | 170 bp | 20 | $22.9M | Jul 2026 |
| 00206RMZ2 | 6.05% fixed | 2056-08-15 | USD | 90.53 | 6.79% | 169 bp | 18 | $16.1M | Jul 2026 |
| 00206RNP3 | 6.2% fixed | 2056-10-30 | USD | 92.52 | 6.78% | 168 bp | 38 | $41.3M | Jul 2026 |
| 00206RDT6 | 5.7% fixed | 2057-03-01 | USD | 88.71 | 6.56% | 146 bp | 4 | $3.3M | Jul 2026 |
| 00206RMN9 | 3.8% fixed | 2057-12-01 | USD | 61.84 | 6.74% | 164 bp | 22 | $38.1M | Jul 2026 |
| 00206RFS6 | 5.3% fixed | 2058-08-15 | USD | 80.73 | 6.78% | 168 bp | 1 | $1.5M | Jul 2026 |
| 00206RLV2 | 3.65% fixed | 2059-09-15 | USD | 59.33 | 6.73% | 163 bp | 22 | $46.1M | Jul 2026 |
| 00206RKB7 | 3.85% fixed | 2060-06-01 | USD | 61.95 | 6.71% | 161 bp | 12 | $7.7M | Jul 2026 |
| 00206RKF8 | 3.5% fixed | 2061-02-01 | USD | 57.04 | 6.71% | 161 bp | 8 | $1.9M | Jul 2026 |
| 00206RNQ1 | 6.3% fixed | 2066-10-30 | USD | 92.07 | 6.88% | 178 bp | 18 | $14.2M | 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 |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $8.7M | 79.01 | 6.39% | 137 bp | 1 |
| Jul 2026 | 98 | $2.43B | 93.09 | 6.12% | 134 bp | 38 |
| Jun 2026 | 94 | $7.86B | 96.98 | 5.81% | 112 bp | 98 |
| May 2026 | 71 | $4.98B | 97.55 | 5.66% | 98 bp | 63 |
| Apr 2026 | 95 | $2.61B | 96.46 | 5.73% | 120 bp | 39 |
| Mar 2026 | 92 | $7.30B | 96.57 | 5.72% | 121 bp | 99 |
| Feb 2026 | 70 | $4.79B | 99.37 | 5.39% | 96 bp | 58 |
| Jan 2026 | 90 | $2.60B | 98.00 | 5.55% | 108 bp | 36 |
| Dec 2025 | 91 | $6.61B | 97.90 | 5.53% | 109 bp | 104 |
| Nov 2025 | 67 | $4.30B | 98.30 | 5.38% | 102 bp | 58 |
| Oct 2025 | 88 | $2.36B | 98.04 | 5.45% | 110 bp | 37 |
| Sep 2025 | 91 | $6.64B | 98.67 | 5.42% | 96 bp | 107 |
| Aug 2025 | 63 | $3.83B | 96.05 | 5.53% | 100 bp | 61 |
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. 295 added, 178 cut, 53 new holders and 24 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 | $1.32B | $1.10B | $80.1M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $1.29B | $1.07B | $144.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $669.1M | $631.2M | $65.0M |
| Dodge & Cox Income Fund Dodge & Cox Funds | 2026-06-30 | $562.7M | $526.9M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $613.9M | $503.8M | $6.0M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $753.1M | $503.2M | $4.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $471.6M | $439.7M | -$34.8M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $460.8M | $392.2M | $6.4M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $323.4M | $312.4M | -$56.1M |
| Bond Fund of America | 2026-06-30 | $313.4M | $284.7M | $10.7M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $307.0M | $259.3M | $60.7M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $247.6M | $243.4M | -$13.6M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $231.2M | $205.1M | $28.1M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $256.8M | $197.8M | $12.0M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $244.0M | $189.1M | $36.1M |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $258.0M | $180.0M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $223.6M | $169.4M | $8.1M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $180.9M | $167.6M | $878K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $191.9M | $162.6M | $18.2M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $173.8M | $150.6M | $15.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $191.5M | $148.7M | $11.1M |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $168.3M | $148.5M | $9.8M |
| Fidelity Investment Grade Bond Central Fund Fidelity Central Investment Portfolios II LLC | 2026-06-30 | $183.0M | $137.3M | -$3.6M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $137.2M | $136.6M | $23.6M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $144.0M | $135.0M | $12.9M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Invesco BulletShares 2026 Corporate Bond ETF ($30.9M), Hartford Dynamic Bond Fund ($14.5M), ALPS | Smith Total Return Bond Fund ($14.3M), iShares Flexible Income Active ETF ($10.6M), First Trust Core Investment Grade ETF ($4.4M), THRIVENT MODERATE ALLOCATION PORTFOLIO ($3.8M), iShares iBonds Dec 2026 Term Corporate ETF ($3.2M), Global Bond Fund ($3.1M), DFA Commodity Strategy Portfolio ($2.2M), AB Core Bond Portfolio ($2.0M).
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 | 42 | $1.32B | $1.10B | 0.28% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 11 | $669.1M | $631.2M | 0.92% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 36 | $613.9M | $503.8M | 1.69% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 58 | $460.8M | $392.2M | 0.29% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 7 | $247.6M | $243.4M | 0.48% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 38 | $244.0M | $189.1M | 2.05% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 10 | $180.9M | $167.6M | 0.32% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 60 | $191.9M | $162.6M | 0.94% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $144.0M | $135.0M | 0.74% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 22 | $119.0M | $119.8M | 0.10% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 10 | $113.6M | $106.1M | 0.91% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 57 | $116.0M | $94.3M | 0.22% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 13 | $86.7M | $83.0M | 0.72% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $80.2M | $79.2M | 0.36% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $78.8M | $77.5M | 0.11% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.14: safer than 60% of companies (56th percentile in Communication Services). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $159.22B |
| Debt barrier (short-term + ½ long-term debt) | $76.64B |
| Equity volatility (1 year) | 27.0% |
| Asset value / asset volatility (solved) | $232.64B / 18.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 134 bp spread prices in about 2.2% 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
Altman Z'' = 1.04 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in T'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 | 522 | $1.43B | 0 | — | 1 | $24K | 0 |
| 2026-06-30 | 2,667 | $92.73B | 47 | $1.17B | 49 | $1.22B | 1 |
| 2026-03-31 | 2,939 | $110.10B | 47 | $1.20B | 45 | $2.78B | 1 |
| 2025-12-31 | 2,816 | $112.51B | 42 | $985.5M | 40 | $1.08B | 1 |
| 2025-09-30 | 2,824 | $127.27B | 38 | $1.14B | 44 | $1.20B | 3 |
| 2025-06-30 | 2,844 | $133.32B | 49 | $1.31B | 53 | $1.59B | 3 |
Officials trading T bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2026-05-11 | Neal P. Dunn | sale | AT&T Inc | $15,001 - $50,000 | filing |
| 2026-05-11 | Neal Patrick Dunn | sale full | AT&T Inc. Depositary Shares, Each Representing A 1/1,000Th Interest In A Share Of 5.000% P | $15,001 - $50,000 | filing |
| 2026-05-10 | Neal Patrick Dunn | sale full | AT&T Inc. Depositary Shares, Each Representing A 1/1,000Th Interest In A Share Of 5.000% P | $15,001 - $50,000 | filing |
| 2024-10-25 | Julia Letlow | purchase | AT&T Inc. | $1,001 - $15,000 | filing |
| 2024-10-24 | Julia Letlow | purchase | AT&T Inc. | $1,001 - $15,000 | filing |
| 2024-08-01 | Virginia Foxx | purchase | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% P | $1,001 - $15,000 | filing |
| 2024-05-01 | Virginia Foxx | purchase | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% P | $1,001 - $15,000 | filing |
| 2024-02-02 | Virginia Foxx | purchase | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% P | $1,001 - $15,000 | filing |
| 2024-01-18 | William R. Keating | sale | AT&T Inc | $15,001 - $50,000 | filing |
| 2023-11-02 | Virginia Foxx | purchase | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% P | $1,001 - $15,000 | filing |
| 2023-05-02 | Virginia Foxx | purchase | AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% P | $1,001 - $15,000 | filing |
| 2023-04-26 | Dan Newhouse | purchase | AT&T Inc | $1,001 - $15,000 | filing |
| 2022-05-06 | Virginia Foxx | purchase | AT&T Inc 5% PDFPDF SER A | $1,001 - $15,000 | filing |
| 2022-04-11 | Virginia Foxx | purchase | AT&T Inc 5% PFDPDF SER A(T+A) | $1,001 - $15,000 | filing |
| 2022-04-08 | Virginia Foxx | purchase | AT&T Inc 5% PFDPDF SER A(T+A) | $50,001 - $100,000 | filing |
| 2022-04-06 | Virginia Foxx | purchase | AT&T Inc 5% PFDPDF SER A(T+A) | $15,001 - $50,000 | filing |
| 2018-10-23 | Sheldon Whitehouse | sale full | AT&T, INC Rate/Coupon: 5.8% Matures: 02/15/2019 | $15,001 - $50,000 | filing |
| 2017-08-07 | Pat Toomey | sale full | AT&T Inc. Rate/Coupon: 5.8% Matures: 02/15/2019 | $15,001 - $50,000 | filing |
| 2017-08-07 | Pat Toomey | sale full | AT&T Inc. Rate/Coupon: 5.8% Matures: 02/15/2019 | $15,001 - $50,000 | filing |
| 2017-08-07 | Patrick Joseph Toomey | sale full | AT&T Inc. Rate/Coupon: 5.8% Matures: 02/15/2019 | $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.