Azerbaijan government bonds
Azerbaijan'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 | 3 | 59 bp | — | 4.8% | +10 bp | 4.93% | $34.2M |
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.
Azerbaijan's USD curve
Yield to maturity of each USD bond US funds hold (3 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Azerbaijan's debt
Fund series holding Azerbaijan's government and government-related bonds in their latest quarterly report: 30 now, 42 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 1 | $22.1M | $20.4M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 1 | $18.5M | $17.3M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 1 | $14.6M | $13.6M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $5.4M | $5.0M |
| Nuveen Emerging Markets Debt Fund | 2026-06-30 | 1 | $3.9M | $3.6M |
| Nuveen Core Bond Fund | 2026-06-30 | 1 | $3.3M | $3.0M |
| VANGUARD STAR CORE-PLUS BOND FUND | 2026-07-31 | 1 | $2.0M | $2.0M |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.1M | $2.0M |
| Goldman Sachs Emerging Markets Debt Fund | 2026-06-30 | 1 | $1.9M | $1.8M |
| THRIVENT CORE EMERGING MARKETS DEBT FUND | 2026-07-31 | 1 | $1.9M | $1.8M |
| iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.7M | $1.6M |
| Nuveen Strategic Income Fund | 2026-05-31 | 1 | $1.7M | $1.6M |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | 1 | $1.6M | $1.5M |
| Nuveen Core Plus Bond Fund | 2026-06-30 | 1 | $1.6M | $1.5M |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 1 | $1.1M | $1.1M |
| SIT Emerging Markets Debt Fund | 2026-06-30 | 1 | $625K | $582K |
| Nomura Diversified Income Fund | 2026-07-31 | 1 | $603K | $558K |
| Franklin Emerging Market Debt Opportunities Fund | 2026-07-31 | 2 | $900K | $549K |
| Opportunistic Credit Fund | 2026-07-31 | 1 | $350K | $323K |
| MORGAN STANLEY EMERGING MARKETS DEBT FUND INC | 2026-06-30 | 1 | $340K | $317K |
ETFs holding Azerbaijan'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 | 1 | $20.4M | 0.14% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $5.0M | 0.07% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.0M | 0.24% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.6M | 0.00% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 1 | $233K | 0.09% |
| EMBD Global X Emerging Markets Bond ETF | 2026-05-31 | 1 | $187K | 0.07% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 1 | $141K | 0.01% |
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.