Armenia government bonds
Armenia'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 |
|---|---|---|---|---|---|---|---|---|
| AMD Other foreign-currency bonds | own currency: yield only, no default number | 9 | — | — | — | — | 7.96% | $475.1M |
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 5 | 152 bp | 165 bp | 11.9% | +18 bp | 5.83% | $27.4M |
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.
Armenia's AMD curve
Yield to maturity of each AMD bond US funds hold (9 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Armenia's USD curve
Yield to maturity of each USD bond US funds hold (5 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Armenia's debt
Fund series holding Armenia's government and government-related bonds in their latest quarterly report: 58 now, 56 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 8 | $71.39B | $206.6M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 8 | $50.50B | $146.2M |
| Global Macro Portfolio | 2026-07-31 | 7 | $18.55B | $53.4M |
| Emerging Markets Local Income Portfolio | 2026-07-31 | 6 | $13.39B | $38.8M |
| Fidelity New Markets Income Fund | 2026-06-30 | 2 | $17.9M | $17.5M |
| Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 2026-07-31 | 7 | $5.94B | $17.3M |
| American Beacon Developing World Income Fund | 2026-07-31 | 5 | $4.51B | $15.4M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 3 | $10.0M | $9.6M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 2 | $9.7M | $9.5M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 2 | $8.5M | $8.4M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 2 | $7.9M | $7.9M |
| THE HARTFORD BALANCED INCOME FUND | 2026-07-31 | 3 | $7.3M | $7.4M |
| Western Asset Emerging Markets Debt Fund Inc. | 2026-06-30 | 1 | $7.0M | $6.5M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 2 | $6.9M | $6.4M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $6.0M | $6.3M |
| Fidelity Total Bond Fund | 2026-05-31 | 2 | $3.3M | $3.3M |
| Mercer Opportunistic Fixed Income Fund | 2026-06-30 | 2 | $3.4M | $3.3M |
| iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.2M | $2.1M |
| Six Circles Credit Opportunities Fund | 2026-06-30 | 1 | $2.2M | $2.1M |
| Fidelity Total Bond ETF | 2026-05-31 | 2 | $2.1M | $2.1M |
ETFs holding Armenia'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 | 3 | $9.6M | 0.14% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $2.1M | 0.01% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $2.1M | 0.01% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $826K | 0.01% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $373K | 0.01% |
| GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 2026-05-31 | 1 | $184K | 0.54% |
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.