Ecuador government bonds
Ecuador'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 | 22 | 450 bp | 442 bp | 31.3% | +25 bp | 9.10% | $1.08B |
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.
Ecuador's USD curve
Yield to maturity of each USD bond US funds hold (4 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Ecuador's debt
Fund series holding Ecuador's government and government-related bonds in their latest quarterly report: 265 now, 249 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 | 4 | $296.3M | $270.7M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 4 | $200.6M | $179.6M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 7 | $162.3M | $156.3M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 3 | $176.9M | $153.9M |
| PGIM Total Return Bond Fund | 2026-07-31 | 6 | $108.9M | $106.7M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 2 | $96.8M | $98.7M |
| Fidelity New Markets Income Fund | 2026-06-30 | 5 | $88.9M | $85.5M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 5 | $86.2M | $77.6M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 8 | $75.8M | $69.6M |
| JPMorgan Income Fund | 2026-05-31 | 5 | $67.3M | $65.6M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 5 | $65.1M | $58.7M |
| American Beacon Developing World Income Fund | 2026-07-31 | 8 | $59.5M | $54.4M |
| Emerging Markets Debt Fund | 2026-05-31 | 2 | $59.5M | $52.9M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 5 | $50.7M | $48.9M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 7 | $46.2M | $43.5M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 5 | $39.0M | $37.4M |
| JPMorgan Core Plus Bond Fund | 2026-05-31 | 4 | $39.1M | $37.2M |
| Artisan Global Unconstrained Fund | 2026-06-30 | 4 | $37.6M | $36.6M |
| JPMorgan Income ETF | 2026-05-31 | 5 | $35.4M | $34.5M |
| Payden Emerging Markets Bond Fund | 2026-07-31 | 5 | $31.0M | $29.0M |
ETFs holding Ecuador'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 | 4 | $270.7M | 1.85% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 8 | $69.6M | 1.04% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 5 | $34.5M | 0.38% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 4 | $18.4M | 0.15% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 4 | $17.4M | 2.80% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 6 | $16.7M | 0.04% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 2 | $16.3M | 1.94% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 4 | $8.7M | 2.02% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 4 | $6.9M | 0.34% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 4 | $6.1M | 0.02% |
| EMBD Global X Emerging Markets Bond ETF | 2026-05-31 | 5 | $5.6M | 2.17% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 3 | $5.0M | 0.30% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 4 | $3.8M | 1.40% |
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 4 | $3.7M | 1.51% |
| JFLX JPMorgan Flexible Debt ETF | 2026-05-31 | 4 | $2.5M | 0.19% |
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.