Argentina government bonds
Argentina'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 | 11 | n/a | — | — | — | — | $2.42B |
| EUR Euro bonds of non-euro countries | vs German Bunds | 5 | n/a | — | — | — | — | $88.9M |
| ARS Own-currency bonds | own currency: yield only, no default number | 3 | — | — | — | — | — | $4.9M |
| JPY Other foreign-currency bonds | own currency: yield only, no default number | 5 | — | — | — | — | — | $2.5M |
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.
Argentina'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.
Who holds Argentina's debt
Fund series holding Argentina's government and government-related bonds in their latest quarterly report: 338 now, 325 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| PIMCO Income Fund | 2026-06-30 | 8 | $1.57B | $1.22B |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 6 | $607.0M | $488.0M |
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 11 | $582.4M | $339.8M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 7 | $384.8M | $314.0M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 6 | $323.0M | $273.2M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 8 | $279.7M | $264.8M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 4 | $306.3M | $260.4M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 6 | $327.5M | $259.5M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $307.0M | $247.7M |
| PGIM Total Return Bond Fund | 2026-07-31 | 7 | $617.3M | $186.5M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 11 | $297.3M | $170.7M |
| PIMCO Dynamic Income Fund | 2026-06-30 | 8 | $165.3M | $128.4M |
| Fidelity New Markets Income Fund | 2026-06-30 | 5 | $152.0M | $126.9M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 11 | $143.4M | $113.6M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 7 | $127.9M | $108.0M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 12 | $2.37B | $96.7M |
| Global Macro Portfolio | 2026-07-31 | 11 | $160.0M | $90.5M |
| Emerging Markets Debt Fund | 2026-05-31 | 5 | $101.8M | $82.2M |
| American Beacon Developing World Income Fund | 2026-07-31 | 11 | $32.23B | $78.3M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 5 | $87.1M | $70.6M |
ETFs holding Argentina'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 |
|---|---|---|---|---|
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 6 | $488.0M | 3.34% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $247.7M | 3.71% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 14 | $64.7M | 0.15% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 5 | $40.2M | 4.77% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 7 | $27.6M | 0.11% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 6 | $20.7M | 0.23% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 6 | $18.5M | 2.97% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 10 | $17.3M | 4.00% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 9 | $16.2M | 3.12% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 6 | $13.3M | 4.90% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 7 | $12.9M | 1.11% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $12.3M | 0.10% |
| EMBD Global X Emerging Markets Bond ETF | 2026-05-31 | 5 | $11.0M | 4.28% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 7 | $7.9M | 0.14% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 2 | $7.9M | 0.39% |
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.