United Arab Emirates government bonds
United Arab Emirates's bonds as US funds mark them in their filings (SEC Form N-PORT), by currency. Fund marks as of Jul 2026; they lag the market by about two months.
By currency
| Bonds | Measured against | Count | Spread | 10-year spread | Priced-in 5y odds | 1-month change | Median yield | Held by US funds |
|---|---|---|---|---|---|---|---|---|
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 46 | 61 bp | 56 bp | 4.9% | +16 bp | 5.10% | $406.3M |
| EUR Euro bonds of non-euro countries | vs German Bunds | 2 | n/a | — | — | — | — | $8.4M |
Priced-in odds = spread ÷ (1 − 40% recovery) over five years; it includes a risk premium and overstates actual defaults. Own-currency bonds get a yield and no odds: a government can print its own currency.
USD spread history
Median spread vs US Treasuries, month-ends with complete filings. Fund-reported.
United Arab Emirates's EUR curve
Yield to maturity of each EUR bond US funds hold (3 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
United Arab Emirates's USD curve
Yield to maturity of each USD bond US funds hold (50 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds United Arab Emirates's debt
Fund series holding United Arab Emirates's government and government-related bonds in their latest quarterly report: 205 now, 135 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| PIMCO Income Fund | 2026-06-30 | 3 | $906.8M | $909.7M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 37 | $309.7M | $266.1M |
| PIMCO Low Duration Income Fund | 2026-06-30 | 2 | $92.4M | $92.6M |
| PIMCO Total Return Fund | 2026-06-30 | 4 | $83.3M | $83.5M |
| PIMCO Long Duration Credit Bond Portfolio | 2026-06-30 | 6 | $101.7M | $79.3M |
| iShares Core Universal USD Bond ETF | 2026-07-31 | 33 | $70.7M | $60.7M |
| American Balanced Fund | 2026-06-30 | 3 | $78.5M | $59.0M |
| Bridge Builder Core Plus Bond Fund | 2026-06-30 | 3 | $55.1M | $55.0M |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 2026-06-30 | 1 | $52.5M | $52.3M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 7 | $39.5M | $38.3M |
| Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $52.5M | $38.0M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | 3 | $45.1M | $36.8M |
| PIMCO Investment Grade Credit Bond Fund | 2026-06-30 | 3 | $36.7M | $36.2M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 6 | $47.8M | $35.2M |
| Thornburg Strategic Income Fund | 2026-06-30 | 2 | $30.1M | $30.2M |
| Fidelity New Markets Income Fund | 2026-06-30 | 3 | $41.2M | $29.7M |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | 7 | $33.5M | $28.2M |
| Bond Fund of America | 2026-06-30 | 1 | $39.5M | $26.7M |
| TCW METWEST TOTAL RETURN BOND FUND | 2026-06-30 | 1 | $25.0M | $24.5M |
| PIMCO Diversified Income Fund | 2026-06-30 | 3 | $28.7M | $23.6M |
ETFs holding United Arab Emirates's bonds
From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Value | % of net assets |
|---|---|---|---|---|
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 37 | $266.1M | 3.99% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 33 | $60.7M | 0.14% |
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $38.0M | 2.75% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 19 | $8.1M | 2.98% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 6 | $7.3M | 0.03% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 8 | $5.7M | 0.11% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 2 | $4.5M | 0.28% |
| EMBD Global X Emerging Markets Bond ETF | 2026-05-31 | 3 | $3.1M | 1.20% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 8 | $2.6M | 0.20% |
| EUSB iShares ESG Advanced Universal USD Bond ETF | 2026-05-31 | 9 | $1.8M | 0.26% |
| ILTB iShares Core 10+ Year USD Bond ETF | 2026-05-31 | 10 | $1.8M | 0.31% |
| DIAL Columbia Diversified Fixed Income Allocation ETF | 2026-07-31 | 1 | $1.5M | 0.38% |
| GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $1.4M | 0.16% |
| VGMS VANGUARD MULTI-SECTOR INCOME BOND ETF | 2026-06-30 | 1 | $735K | 0.31% |
| VSDB VANGUARD SHORT DURATION BOND ETF | 2026-06-30 | 1 | $492K | 0.05% |
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.