SherpaBonds
US655844CK21 · Corp · USD

Norfolk Southern Corporation 2.30% 2031/05

Norfolk Southern CorporationUnited StatesGLOBALSenior Unsecured
SHARE
▶ Start radio
MID PRICE
91.06
par = 100
YIELD TO MAT.
4.54%
semi-annual
COUPON
2.300%
semi-annual · fixed
MATURITY
2031-05-15
bullet · 5.02y
OUTSTANDING
—
not disclosed
AS OF
2026-05-01
Fund disclosure

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

The Norfolk Southern Railway is a Class I freight railroad operating in the Eastern United States. Headquartered in Atlanta, the company was formed in 1982 with the merger of the Norfolk and Western Railway and Southern Railway. The company operates 19,420 route miles (31,250 km) in 22 eastern states and the District of Columbia, and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City. Norfolk Southern Railway is the leading subsidiary of the Norfolk Southern Corporation.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
4.60 y
1bp ↑ ≈ -0.046% P&L
Convexity
24.37
higher = more curvature
Years to maturity
5.02 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Vanguard Intermediate-Term Corporate Bond
Vanguard
US Corporate Intermediate$24.8M—0.04%2026-03-31
Vanguard Total Bond Market
Vanguard
US Aggregate$6.2M—0.00%2026-03-31
Vanguard Intermediate-Term Bond
Vanguard
US Aggregate Intermediate$4.5M—0.01%2026-03-31
iShares iBonds Dec 2031 Term Corporate
iShares
iBonds 2031 Corporate$2.9M▲ $5850.12%2026-05-01
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$2.5M▲ $5090.00%2026-05-01
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$930K▲ $2K0.01%2026-04-30
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$894K▲ $3430.01%2026-05-01
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$186K▲ $4100.00%2026-04-30
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Price history

Sherpa Signal

AS OF 2026-05-01

Institutional footprint · signal-level holdings

37/ 100Early footprint
Interpretation. Light institutional footprint, with net distribution
HOLDERS
8
▼ 2 signals in 7d
AGGREGATE EXPOSURE
$43.0M
USD across all
TOP CONCENTRATION
57.8%
largest holder
FLOW
▼ $1.2M
▼ 2 signals in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
91,056 USD
PRICE
91.06

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
NSC 2.3 05/15/31
FIGI
BBG010QZXQC5
CUSIP
655844CK2
ISIN
US655844CK21
Type
Corp
Issued
2021-05-12
Face value
100 USD
Ticker
NSC 2.3 05/15/31
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

NSC · 10 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.

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HEURISTIC

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