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Bonds · Sovereign

Angola government bonds

Angola'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

BondsMeasured againstCountSpread10-year spreadPriced-in 5y odds1-month changeMedian yieldHeld by US funds
USD Emerging markets, US-dollar bonds vs US Treasuries20 449 bp 460 bp31.2% -17 bp9.05% $1.02B

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.

414 bp711 bp1008 bpJan 2021Jul 20262021-01-31: 748 bp2021-02-28: 742 bp2021-03-31: 754 bp2021-04-30: 640 bp2021-05-31: 628 bp2021-06-30: 623 bp2021-07-31: 627 bp2021-08-31: 602 bp2021-09-30: 642 bp2021-10-31: 677 bp2021-11-30: 817 bp2021-12-31: 682 bp2022-01-31: 647 bp2022-02-28: 644 bp2022-03-31: 574 bp2022-04-30: 685 bp2022-05-31: 634 bp2022-06-30: 924 bp2022-07-31: 909 bp2022-08-31: 883 bp2022-09-30: 1008 bp2022-10-31: 819 bp2022-11-30: 624 bp2022-12-31: 742 bp2023-01-31: 647 bp2023-02-28: 646 bp2023-03-31: 762 bp2023-04-30: 845 bp2023-05-31: 814 bp2023-06-30: 783 bp2023-07-31: 675 bp2023-08-31: 795 bp2023-09-30: 772 bp2023-10-31: 818 bp2023-11-30: 736 bp2023-12-31: 657 bp2024-01-31: 735 bp2024-02-29: 685 bp2024-03-31: 568 bp2024-04-30: 599 bp2024-05-31: 630 bp2024-06-30: 664 bp2024-07-31: 659 bp2024-08-31: 676 bp2024-09-30: 707 bp2024-10-31: 661 bp2024-11-30: 650 bp2024-12-31: 676 bp2025-01-31: 650 bp2025-02-28: 654 bp2025-03-31: 740 bp2025-04-30: 969 bp2025-05-31: 835 bp2025-06-30: 707 bp2025-07-31: 656 bp2025-08-31: 644 bp2025-09-30: 583 bp2025-10-31: 629 bp2025-11-30: 592 bp2025-12-31: 544 bp2026-01-31: 531 bp2026-02-28: 537 bp2026-03-31: 548 bp2026-04-30: 414 bp2026-05-31: 414 bp2026-06-30: 466 bp2026-07-31: 449 bp

Angola's USD curve

Yield to maturity of each USD bond US funds hold (20 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

5.95%7.88%9.80%0y12y23yRepublic of Angola 8.25 2028-05-09: 5.95%REPUBLIC OF ANGOLA 8.0 2029-11-26: 7.23%REPUBLIC OF ANGOLA 8.0 2029-11-26: 7.21%REPUBLIC OF ANGOLA 9.244 2031-01-15: 7.96%REPUBLIC OF ANGOLA 9.244 2031-01-15: 7.97%REPUBLIC OF ANG 8.75% 04/14/32 8.75 2032-04-14: 8.24%REPUBLIC OF ANGOLA 8.75 2032-04-14: 8.25%Angola Government International Bonds 8.75 2032-04-14: 8.27%REPUBLIC OF ANGOLA 9.375 2033-03-31: 8.78%REPUBLIC OF ANGOLA 9.375 2033-03-31: 8.75%REPUBLIC OF ANGOLA 9.875 2035-10-15: 9.08%REPUBLIC OF ANGOLA 9.875 2035-10-15: 9.05%REPUBLIC OF ANGOLA 9.875 2037-03-31: 9.32%REPUBLIC OF ANGOLA 9.875 2037-03-31: 9.31%Angolan Government International Bond 9.375 2048-05-08: 9.78%ANGOLA REPUBLIC 9.375 2048-05-08: 9.80%Angolan Government International Bond 9.125 2049-11-26: 9.77%REPUBLIC OF ANGOLA 9.125 2049-11-26: 9.78%REPUBLIC OF ANGOLA 9.125 2049-11-26: 9.80%

Who holds Angola's debt

Fund series holding Angola's government and government-related bonds in their latest quarterly report: 236 now, 213 a quarter earlier. Names as reported in the filings.

Fund seriesReportBondsFace valueValue
iShares J.P. Morgan USD Emerging Markets Bond ETF2026-07-31 7$237.3M$239.3M
TCW Emerging Markets Income Fund2026-07-31 8$180.3M$185.0M
T. Rowe Price Emerging Markets Bond Fund2026-06-30 8$105.8M$108.7M
MFS Emerging Markets Debt Fund2026-07-31 4$103.8M$102.4M
American Beacon Developing World Income Fund2026-07-31 10$73.7M$72.9M
VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND2026-07-31 12$63.6M$64.5M
Fidelity New Markets Income Fund2026-06-30 9$62.9M$63.3M
American Funds Emerging Markets Bond Fund2026-06-30 9$60.9M$61.6M
American Funds Multi-Sector Income Fund2026-06-30 4$46.8M$47.5M
LORD ABBETT BOND DEBENTURE FUND INC2026-06-30 1$42.1M$43.7M
Invesco Emerging Markets Sovereign Debt ETF2026-07-31 3$43.5M$42.5M
Strategic Advisers Fidelity Core Income Fund2026-05-31 9$37.0M$37.6M
PIMCO Emerging Markets Bond Fund2026-06-30 8$31.9M$32.8M
JPMorgan Income Fund2026-05-31 8$31.3M$32.4M
Emerging Markets Debt Fund2026-05-31 2$30.5M$31.7M
New World Fund Inc2026-07-31 3$30.4M$31.2M
Fidelity Series Emerging Markets Debt Fund2026-06-30 9$28.8M$28.9M
Global Macro Absolute Return Advantage Portfolio2026-07-31 3$22.1M$22.1M
Western Asset Emerging Markets Debt Fund Inc.2026-06-30 3$20.6M$20.0M
Payden Emerging Markets Bond Fund2026-07-31 5$19.1M$19.2M

ETFs holding Angola's bonds

From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.

ETFReportBondsValue% of net assets
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF 2026-07-317$239.3M 1.64%
VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND 2026-07-3112$64.5M 0.97%
PCY Invesco Emerging Markets Sovereign Debt ETF 2026-07-313$42.5M 3.07%
JPIE JPMorgan Income ETF 2026-05-317$17.8M 0.20%
EMHY iShares J.P. Morgan EM High Yield Bond ETF 2026-07-317$15.5M 2.49%
IUSB iShares Core Universal USD Bond ETF 2026-07-319$15.0M 0.03%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF 2026-07-314$13.2M 1.57%
JCPB JPMorgan Core Plus Bond ETF 2026-05-314$6.5M 0.05%
CGCP Capital Group Core Plus Income ETF 2026-06-302$5.5M 0.07%
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF 2026-07-314$5.2M 1.20%
FBND Fidelity Total Bond ETF 2026-05-316$4.6M 0.02%
JPIB JPMorgan International Bond Opportunities ETF 2026-05-311$3.8M 0.19%
EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF 2026-06-308$3.3M 1.21%
EMBX VanEck Emerging Markets Bond ETF 2026-06-303$2.3M 0.94%
EMBD Global X Emerging Markets Bond ETF 2026-05-312$2.1M 0.80%

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.

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms