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Bonds · Sovereign

Australia government bonds

Australia'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
AUD Own-currency bonds own currency: yield only, no default number60 — —— —5.03% $6.34B

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.

Australia's AUD curve

Yield to maturity of each AUD bond US funds hold (158 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

4.57%5.37%6.18%0y14y28yTreasury Corp of Victoria 5.5 2026-11-17: 4.65%AUSTRALIAN GOVERNMENT 4.75 2027-04-21: 4.58%NEW S WALES TREASURY CRP 3.0 2027-05-20: 4.64%Queensland Treasury Corp 2.75 2027-08-20: 4.68%South Australian Government Financing Authority 3.0 2027-09-20: 4.66%Western Australian Treasury Corp 3.0 2027-10-21: 4.68%Treasury Corp of Victoria 1.25 2027-11-19: 4.80%AUSTRALIAN GOVERNMENT 2.75 2027-11-21: 4.61%Tasmanian Public Finance Corp 3.25 2028-01-24: 4.75%New South Wales Treasury Corp 3.0 2028-03-20: 4.74%Australian Capital Territory 3.0 2028-04-18: 4.84%Northern Territory Treasury Corp 3.5 2028-04-21: 4.81%AUSTRALIAN GOVERNMENT 2.25 2028-05-21: 4.57%Western Australian Treasury Corp 3.25 2028-07-20: 4.76%Queensland Treasury Corp 3.25 2028-07-21: 4.73%Treasury Corp of Victoria 3.0 2028-10-20: 4.73%NEW S WALES TREASURY CRP 3.0 2028-11-15: 4.77%AIRSERVICES AUSTRALIA 5.4 2028-11-15: 5.03%Australia Government Bonds 2.75 2028-11-21: 4.57%TASMANIAN PUBLIC FINANCE 3.75 2029-01-22: 4.80%QUEENSLAND TREASURY CORP 2.5 2029-03-06: 4.70%Housing Australia 2.38 2029-03-28: 4.84%NEW S WALES TREASURY CRP 3.0 2029-04-20: 4.79%EXPORT FIN & INS CORP 4.79 2029-04-30: 4.76%NORTHERN TERRITORY TREAS 2.0 2029-05-21: 4.82%Australian Capital Territory 2.25 2029-05-22: 4.88%Western Australian Treasury Corp 2.75 2029-07-24: 4.78%Queensland Treasury Corp 3.25 2029-08-21: 4.81%Treasury Corp of Victoria 2.5 2029-10-22: 4.82%Tasmanian Public Finance Corp 2.0 2030-01-24: 4.93%NEW SOUTH WALES TREASURY CORPORATION 3.0 2030-02-20: 4.83%Australian Capital Territory 1.75 2030-05-17: 4.94%Northern Territory Treasury Corp 3.5 2030-05-21: 4.95%South Australian Government Financing Authority 2.75 2030-05-24: 4.87%HOUSING AUSTRALIA 1.52 2030-05-27: 4.93%Queensland Treasury Corp 3.5 2030-08-21: 4.88%Western Australian Treasury Corp 1.5 2030-10-22: 4.88%Export Finance & Insurance Corp 4.165 2030-11-18: 4.84%Treasury Corp of Victoria 1.5 2030-11-20: 4.94%NEW S WALES TREASURY CRP 1.25 2030-11-20: 4.89%AUSTRALIAN GOVERNMENT 1.0 2030-12-21: 4.59%Tasmanian Public Finance Corp 4.75 2031-01-21: 5.08%QUEENSLAND TREASURY CORP 1.25 2031-03-10: 4.96%NEW S WALES TREASURY CRP 2.0 2031-03-20: 4.94%NORTHERN TERRITORY TREASURY CORPORATION 2.0 2031-04-21: 5.07%South Australian Government Financing Authority 4.5 2031-05-23: 4.98%South Australian Government Financing Authority 4.5 2031-05-23: 4.87%Australia Government Bond 1.5 2031-06-21: 4.62%QUEENSLAND TREASURY CORP 1.75 2031-08-21: 5.03%TREASURY CORP VICTORIA 1.5 2031-09-10: 5.03%Western Australian Treasury Corp 1.75 2031-10-22: 4.96%Australian Capital Territory 1.75 2031-10-23: 5.13%AUSTRALIA GOVT 1.0 2031-11-21: 4.64%Tasmanian Public Finance Corp 2.25 2032-01-22: 5.20%NEW S WALES TREASURY CRP 1.5 2032-02-20: 5.06%Queensland Treasury Corp 1.5 2032-03-02: 5.07%AIRSERVICES AUSTRALIA 5.35 2032-04-22: 5.31%AUSTRALIAN GOVERNMENT 1.25 2032-05-21: 4.70%NORTHERN TERRITORY TREAS 2.5 2032-05-21: 5.20%SOUTH AUST GOVT FIN AUTH 1.75 2032-05-24: 5.08%Housing Australia 1.41 2032-06-29: 5.14%WESTERN AUST TREAS CORP 4.5 2032-07-21: 5.06%QUEENSLAND TREASURY CORP 1.5 2032-08-20: 5.15%Australian Capital Territory 2.5 2032-10-22: 5.25%AUSTRALIA, COMMONWEALTH OF 1.75 2032-11-21: 4.75%NEW S WALES TREASURY CRP 2.5 2032-11-22: 5.17%TREASURY CORPORATION OF VICTORIA 4.25 2032-12-20: 5.20%Tasmanian Public Finance Corp 2.5 2033-01-21: 5.38%NEW S WALES TREASURY CRP 2.0 2033-03-08: 5.20%QUEENSLAND TREASURY CORP 4.5 2033-03-09: 5.16%Queensland Treasury Corp 6.5 2033-03-14: 5.15%AUSTRALIAN 4.5% 04/21/33/AUD/ 4.5 2033-04-21: 4.70%AUSTRALIAN GOVERNMENT 4.5 2033-04-21: 4.78%Northern Territory Treasury Corp 3.75 2033-04-21: 5.35%South Australian Government Financing Authority 4.5 2033-05-24: 5.24%WESTERN AUST TREAS CORP 4.25 2033-07-20: 5.14%QUEENSLAND TREASURY CORP 2.0 2033-08-22: 5.31%TREASURY CORP VICTORIA 2.25 2033-09-15: 5.32%Australia Government Bonds 3.0 2033-11-21: 4.83%TASMANIAN PUBLIC FINANCE CORPORATION 4.0 2034-01-20: 5.48%QUEENSLAND TREASURY CORP 4.75 2034-02-02: 5.30%NEW S WALES TREASURY CRP 1.75 2034-03-20: 5.36%NEW SOUTH WALES TREASURY CORPORATION 3.5 2034-03-20: 5.31%NORTHERN TERRITORY TREAS 5.25 2034-03-21: 5.49%Australia Government Bonds 3.75 2034-05-21: 4.86%South Australian Government Financing Authority 1.75 2034-05-24: 5.40%Australia Government Bonds 4.25 2034-06-21: 4.88%QUEENSLAND TREASURY CORP 1.75 2034-07-20: 5.45%STATE OF NEW SOUTH WALES AUSTRALIA 5.25 2034-10-17: 5.32%Australian Capital Territory 4.5 2034-10-23: 5.54%WESTERN AUST TREAS CORP 2.0 2034-10-24: 5.36%TREASURY CORP VICTORIA 2.25 2034-11-20: 5.50%Australia Government Bonds 3.5 2034-12-21: 4.93%TASMANIAN PUBLIC FINANCE 4.75 2035-01-25: 5.64%NEW S WALES TREASURY CRP 4.75 2035-02-20: 5.44%SOUTH AUST GOVT FIN AUTH 4.75 2035-05-24: 5.49%AUSTRALIAN GOVERNMENT 2.75 2035-06-21: 4.96%QUEENSLAND TREASURY CORP 4.5 2035-08-22: 5.55%TREASURY CORP VICTORIA 2.0 2035-09-17: 5.59%New South Wales Treasury Corporation 4.75 2035-09-20: 5.53%AUST CAPITAL TERRITORY 5.0 2035-10-23: 5.66%WESTERN AUST TREAS CORP 4.75 2035-10-24: 5.41%Australia Government Bonds 4.25 2035-12-21: 4.99%TASMANIAN PUBLIC FINANCE 5.25 2036-01-23: 5.74%NEW S WALES TREASURY CRP 4.25 2036-02-20: 5.55%QUEENSLAND TREASURY CORP 5.0 2036-03-10: 5.61%Australia Government Bonds 4.25 2036-03-21: 5.00%Northern Territory Treasury Corp 5.5 2036-03-21: 5.74%EXPORT FIN & INS CORP 5.4 2036-04-30: 5.37%South Australian Government Financing Authority 2.0 2036-05-23: 5.60%AUSTRALIAN GOVERNMENT 5.0 2036-06-21: 4.95%Housing Australia 2.335 2036-06-30: 5.45%QUEENSLAND TREASURY CORP 5.25 2036-07-21: 5.64%TREASURY CORP VICTORIA 4.75 2036-09-15: 5.66%Australia Government Bonds 4.25 2036-10-21: 5.03%New South Wales Treasury Corp 5.5 2036-10-22: 5.54%Australian Capital Territory 5.25 2036-10-23: 5.78%TASMANIAN PUBLIC FINANCE 5.5 2037-01-16: 5.79%NEW S WALES TREASURY CRP 4.75 2037-02-20: 5.67%AUSTRALIAN GOVERNMENT 3.75 2037-04-21: 5.05%QUEENSLAND TREASURY CORP 5.0 2037-07-21: 5.73%WESTERN AUST TREAS CORP 5.0 2037-10-21: 5.63%Australia Government Bonds 4.75 2037-10-21: 5.08%AIRSERVICES AUSTRALIA 5.35 2037-11-15: 5.83%NEW S WALES TREASURY CRP 3.5 2037-11-20: 5.72%TREASURY CORP VICTORIA 2.0 2037-11-20: 5.83%NEW S WALES TREASURY CRP 5.25 2038-02-24: 5.77%Northern Territory Treasury Corp 5.25 2038-05-21: 5.91%South Australian Government Financing Authority 4.75 2038-05-24: 5.76%QUEENSLAND TREASURY CORP 5.25 2038-08-13: 5.86%Treasury Corporation Of Victoria 5.25 2038-09-15: 5.85%Housing Australia 5.785 2038-11-08: 5.59%NEW S WALES TREASURY CRP 5.25 2039-02-22: 5.86%NORTHERN TERRITORY TREAS 6.0 2039-04-21: 6.03%AUSTRALIAN GOVERNMENT 3.25 2039-06-21: 5.17%TREASURY CORP VICTORIA 5.5 2039-09-15: 5.96%WESTERN AUST TREAS CORP 5.75 2039-10-24: 5.71%Queensland Treasury Corp 2.25 2040-04-16: 6.01%Treasury Corporation of Victoria 5.0 2040-11-20: 6.04%NEW SOUTH WALES TREASURY CORPORATION 2.25 2040-11-20: 5.96%NEW S WALES TREASURY CRP 2.25 2041-05-07: 5.97%AUSTRALIAN GOVERNMENT 2.75 2041-05-21: 5.25%Western Australian Treasury Corp 2.25 2041-07-23: 5.89%Queensland Treasury Corp 2.25 2041-11-20: 6.04%Treasury Corp of Victoria 2.25 2041-11-20: 6.14%NEW S WALES TREASURY CRP 2.25 2042-05-20: 6.08%Treasury Corp of Victoria 2.25 2042-11-20: 6.15%Queensland Treasury Corp 4.2 2047-02-20: 6.18%AUSTRALIAN GOVERNMENT 3.0 2047-03-21: 5.46%AUSTRALIAN GOVERNMENT 1.75 2051-06-21: 5.53%Australia Government Bonds 4.75 2054-06-21: 5.50%

Australia's EUR curve

Yield to maturity of each EUR bond US funds hold (4 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

3.62%3.65%3.68%0y5y10yQueensland Treasury Corp 3.25 2035-05-21: 3.62%QUEENSLAND TREASURY CORP 3.25 2035-05-21: 3.62%QUEENSLAND TREASURY CORP 3.38 2036-03-18: 3.68%

Australia's USD curve

Yield to maturity of each USD bond US funds hold (6 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

4.32%7.41%10.51%0y2y5yEXPORT FIN & INS CORP 4.625 2027-10-26: 4.32%HILLGROVE MINES PTY LTD 12.0 2029-08-01: 10.51%EXPORT FIN & INS CORP 3.875 2029-10-23: 4.42%NBN CO LTD 4.15 2030-09-16: 4.88%EXPORT FIN & INS CORP 4.13 2031-06-10: 4.50%

Who holds Australia's debt

Fund series holding Australia's government and government-related bonds in their latest quarterly report: 218 now, 223 a quarter earlier. Names as reported in the filings.

Fund seriesReportBondsFace valueValue
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND2026-07-31 126$7.13B$4.48B
VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND2026-07-31 124$5.97B$3.76B
Fidelity Series International Developed Markets Bond Index Fund2026-06-30 25$1.39B$872.1M
PIMCO International Bond Fund (U.S. Dollar-Hedged)2026-06-30 18$997.1M$577.0M
The Hartford World Bond Fund2026-07-31 12$631.3M$371.5M
PIMCO Total Return Fund2026-06-30 11$577.8M$330.1M
Templeton Global Bond Fund2026-06-30 5$588.3M$309.9M
iShares Core International Aggregate Bond ETF2026-07-31 128$434.6M$274.9M
TCW METWEST TOTAL RETURN BOND FUND2026-06-30 8$334.5M$211.1M
Guggenheim Total Return Bond Fund2026-06-30 1$303.9M$202.6M
Six Circles Global Bond Fund2026-06-30 69$285.4M$182.5M
BrandywineGLOBAL - Global Opportunities Bond Fund2026-06-30 3$234.9M$155.2M
Capital World Bond Fund2026-06-30 10$231.5M$155.2M
BNY Mellon Global Fixed Income Fund2026-06-30 14$235.8M$147.0M
T. Rowe Price International Bond Fund (USD Hedged)2026-06-30 1$188.2M$130.1M
Nuveen International Aggregate Bond ETF2026-06-30 84$210.0M$129.2M
Dodge & Cox Global Bond Fund2026-06-30 3$183.2M$117.6M
American Funds Global Balanced Fund2026-07-31 6$171.6M$116.2M
Templeton Global Bond VIP Fund2026-06-30 6$205.3M$110.3M
PIMCO Long Duration Credit Bond Portfolio2026-06-30 7$171.0M$93.0M

ETFs holding Australia'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
BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND 2026-07-31124$3.76B 3.07%
IAGG iShares Core International Aggregate Bond ETF 2026-07-31128$274.9M 2.45%
NXUS Nuveen International Aggregate Bond ETF 2026-06-3084$129.2M 3.34%
IGOV iShares International Treasury Bond ETF 2026-07-3128$70.3M 4.60%
DFGX Dimensional International Core Fixed Income ETF 2026-07-3121$58.8M 3.41%
BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF 2026-06-3027$54.3M 4.04%
JPIB JPMorgan International Bond Opportunities ETF 2026-05-312$38.7M 1.92%
ISHG iShares 1-3 Year International Treasury Bond ETF 2026-07-314$38.0M 4.60%
DFGP Dimensional Global Core Plus Fixed Income ETF 2026-07-3117$35.2M 1.04%
FLIA Franklin International Aggregate Bond ETF 2026-06-305$25.8M 3.36%
WIP State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF 2026-06-306$23.3M 4.55%
DFSB Dimensional Global Sustainability Fixed Income ETF 2026-07-3112$21.6M 2.99%
VCRB VANGUARD CORE BOND ETF 2026-06-302$14.7M 0.20%
BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF 2026-06-304$13.2M 4.47%
CGIB Capital Group International Bond ETF (USD-Hedged) 2026-06-306$9.8M 3.55%

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