Denmark government bonds
Denmark'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 |
|---|---|---|---|---|---|---|---|---|
| DKK Own-currency bonds | own currency: yield only, no default number | 11 | — | — | — | — | 2.88% | $962.9M |
| EUR Euro bonds of non-euro countries | vs German Bunds | 1 | n/a | — | — | — | — | $459K |
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.
Denmark's DKK curve
Yield to maturity of each DKK bond US funds hold (11 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Denmark's EUR curve
Yield to maturity of each EUR bond US funds hold (8 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Denmark'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 Denmark's debt
Fund series holding Denmark's government and government-related bonds in their latest quarterly report: 42 now, 42 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND | 2026-07-31 | 14 | $3.49B | $547.7M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 10 | $2.45B | $402.6M |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 8 | $1.96B | $275.7M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 19 | $263.0M | $42.1M |
| DFA International Government Fixed Income Portfolio | 2026-07-31 | 1 | $252.0M | $37.3M |
| Six Circles Global Bond Fund | 2026-06-30 | 10 | $182.1M | $32.3M |
| DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO | 2026-07-31 | 1 | $28.5M | $29.7M |
| iShares International Treasury Bond ETF | 2026-07-31 | 7 | $161.1M | $22.7M |
| Nuveen International Aggregate Bond ETF | 2026-06-30 | 15 | $158.3M | $22.0M |
| iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 2 | $85.6M | $12.9M |
| State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 9 | $53.3M | $7.5M |
| Fidelity International Bond Index Fund | 2026-06-30 | 11 | $42.4M | $6.7M |
| Dimensional International Core Fixed Income ETF | 2026-07-31 | 2 | $43.5M | $6.4M |
| iShares Global Government Bond USD Hedged Active ETF | 2026-07-31 | 8 | $32.5M | $4.4M |
| LVIP BlackRock Inflation Protected Bond Fund | 2026-06-30 | 2 | $24.5M | $3.5M |
| PGIM Global Total Return Fund | 2026-07-31 | 5 | $24.3M | $3.3M |
| BNY Mellon Global Fixed Income Fund | 2026-06-30 | 1 | $14.2M | $2.6M |
| iShares USD Green Bond ETF | 2026-07-31 | 1 | $2.0M | $2.0M |
| State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 2 | $10.0M | $1.5M |
| Dimensional VA Global Bond Portfolio | 2026-07-31 | 1 | $1.3M | $1.4M |
ETFs holding Denmark'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 |
|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 10 | $402.6M | 0.33% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 19 | $42.1M | 0.38% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 7 | $22.7M | 1.48% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 15 | $22.0M | 0.57% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 2 | $12.9M | 1.56% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 9 | $7.5M | 0.56% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 2 | $6.4M | 0.37% |
| BGRN iShares USD Green Bond ETF | 2026-07-31 | 1 | $2.0M | 0.40% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 2 | $1.5M | 0.51% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $615K | 0.02% |
| GRNB VanEck Green Bond ETF | 2026-07-31 | 1 | $606K | 0.33% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $401K | 0.04% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $396K | 0.01% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 1 | $74K | 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.