Global Tech Giants (USD IG)

USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.

This screening highlights an exceptional pocket of longduration, highgrade corporate paper within the USD technology sector, dominated by toptier balance sheets like Microsoft and Apple. With yieldstoworst hovering around the 6.05% to 6.35% range across ultralong maturities, portfolio managers gain rare access to pristine credit profiles offering meaningful yield pickup without taking on cyclical or lowertier credit risk. The screen is heavily concentrated in Microsoft’s deepdiscount and parpriced longend curve, exemplified by the MSFT 6.35% 2066 trading near par at a 6.337% YTW alongside lowcoupon variants like the MSFT 3.041% 2062 offering significant capital appreciation potential at a 55.32 price and 6.155% YTW. Meanwhile, marquee names such as the AAPL 4.1% 2062 round out the selection at a 6.067% YTW, providing defensive duration extension backed by fortresslike cash generation. For institutional investors navigating elevated interest rate volatility, these USDdenominated tech titans deliver a compelling blend of supreme credit quality (AAA/AA+) and compelling absolute yields in the low6% area. This combination allows accounts to lock in historically attractive longterm riskadjusted returns while capitalizing on deeply discounted structures across the multidecade sector curve.

Results are limited to USD bonds with an amount outstanding of at least USD 200MM.