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Bonds · Sovereign

Egypt government bonds

Egypt'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
USD Emerging markets, US-dollar bonds vs US Treasuries41 326 bp 327 bp23.8% +29 bp7.72% $1.11B
EGP Own-currency bonds own currency: yield only, no default number38 — —— —24.22% $488.5M
EUR Euro bonds of non-euro countries vs German Bunds5 333 bp —24.2% +6 bp6.26% $53.2M

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.

254 bp817 bp1380 bpJan 2021Jul 20262021-01-31: 476 bp2021-02-28: 495 bp2021-03-31: 515 bp2021-04-30: 476 bp2021-05-31: 438 bp2021-06-30: 472 bp2021-07-31: 506 bp2021-08-31: 484 bp2021-09-30: 578 bp2021-10-31: 609 bp2021-11-30: 672 bp2021-12-31: 637 bp2022-01-31: 661 bp2022-02-28: 773 bp2022-03-31: 678 bp2022-04-30: 793 bp2022-05-31: 734 bp2022-06-30: 1072 bp2022-07-31: 1193 bp2022-08-31: 909 bp2022-09-30: 1169 bp2022-10-31: 1031 bp2022-11-30: 744 bp2022-12-31: 838 bp2023-01-31: 798 bp2023-02-28: 890 bp2023-03-31: 1128 bp2023-04-30: 1357 bp2023-05-31: 1380 bp2023-06-30: 1288 bp2023-07-31: 1086 bp2023-08-31: 1264 bp2023-09-30: 1222 bp2023-10-31: 1226 bp2023-11-30: 1079 bp2023-12-31: 977 bp2024-01-31: 1000 bp2024-02-29: 608 bp2024-03-31: 610 bp2024-04-30: 612 bp2024-05-31: 582 bp2024-06-30: 672 bp2024-07-31: 650 bp2024-08-31: 657 bp2024-09-30: 610 bp2024-10-31: 596 bp2024-11-30: 532 bp2024-12-31: 559 bp2025-01-31: 509 bp2025-02-28: 552 bp2025-03-31: 619 bp2025-04-30: 664 bp2025-05-31: 557 bp2025-06-30: 496 bp2025-07-31: 492 bp2025-08-31: 466 bp2025-09-30: 407 bp2025-10-31: 385 bp2025-11-30: 357 bp2025-12-31: 254 bp2026-01-31: 317 bp2026-02-28: 342 bp2026-03-31: 444 bp2026-04-30: 380 bp2026-05-31: 308 bp2026-06-30: 298 bp2026-07-31: 326 bp

EUR spread history

Median spread vs German Bunds, month-ends with complete filings. Fund-reported.

325 bp1146 bp1968 bpJan 2021Jul 20262021-01-31: 518 bp2021-02-28: 576 bp2021-03-31: 611 bp2021-04-30: 518 bp2021-05-31: 405 bp2021-06-30: 600 bp2021-07-31: 647 bp2021-08-31: 448 bp2021-09-30: 665 bp2021-10-31: 709 bp2021-11-30: 694 bp2021-12-31: 754 bp2022-01-31: 795 bp2022-02-28: 822 bp2022-03-31: 793 bp2022-04-30: 987 bp2022-05-31: 870 bp2022-06-30: 1258 bp2022-07-31: 1414 bp2022-08-31: 1140 bp2022-09-30: 1335 bp2022-10-31: 1233 bp2022-11-30: 942 bp2022-12-31: 960 bp2023-01-31: 974 bp2023-02-28: 1000 bp2023-03-31: 1310 bp2023-04-30: 1586 bp2023-05-31: 1968 bp2023-06-30: 1472 bp2023-07-31: 1317 bp2023-08-31: 1779 bp2023-09-30: 1465 bp2023-10-31: 1545 bp2023-11-30: 1382 bp2023-12-31: 1280 bp2024-01-31: 1281 bp2024-02-29: 760 bp2024-03-31: 754 bp2024-04-30: 767 bp2024-05-31: 741 bp2024-06-30: 829 bp2024-07-31: 818 bp2024-08-31: 797 bp2024-09-30: 780 bp2024-10-31: 702 bp2024-11-30: 676 bp2024-12-31: 664 bp2025-01-31: 615 bp2025-02-28: 656 bp2025-03-31: 734 bp2025-04-30: 731 bp2025-05-31: 649 bp2025-06-30: 568 bp2025-07-31: 540 bp2025-08-31: 551 bp2025-09-30: 492 bp2025-10-31: 425 bp2025-11-30: 409 bp2025-12-31: 325 bp2026-01-31: 357 bp2026-02-28: 406 bp2026-03-31: 504 bp2026-04-30: 398 bp2026-05-31: 341 bp2026-06-30: 327 bp2026-07-31: 333 bp

Egypt's EGP curve

Yield to maturity of each EGP bond US funds hold (21 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

21.97%24.09%26.20%0y2y4yEGYPT, (ARAB) REPUBLIC OF 0.0 2026-12-01: 22.81%EGYPT (ARAB REPUBLIC OF) 0.0 2026-12-15: 24.75%EGYPT (ARAB REPUBLIC OF) 0.0 2027-01-12: 25.10%EGYPT (ARAB REPUBLIC OF) 0.0 2027-02-02: 25.24%EGYPT (ARAB REPUBLIC OF) 0.0 2027-06-22: 23.12%Egypt (Arab Republic of) 24.458 2027-10-01: 26.20%EGYPT GOVERNMENT BOND 15.7 2027-11-07: 24.68%EGYPT GOVERNMENT BOND 22.7 2027-12-02: 24.51%Arab Republic of Egypt 24.144 2027-12-03: 24.88%Egypt Government Bond 22.42 2028-01-06: 24.30%Arab Republic of Egypt 22.576 2028-01-07: 24.30%Arab Republic of Egypt 21.383 2028-02-04: 24.13%Arab Republic of Egypt 21.33 2028-05-06: 22.63%Arab Republic of Egypt 23.44 2028-07-01: 24.86%EGYPT GOVERNMENT BOND 24.439 2028-08-05: 22.80%EGYPT GOVERNMENT BOND 23.381 2028-08-26: 22.79%EGYPT GOVERNMENT BOND 21.49 2028-12-02: 22.98%EGYPT GOVERNMENT BOND 23.06 2029-06-02: 23.38%EGYPT GOVERNMENT BOND 19.98 2030-05-20: 21.97%EGYPT GOVERNMENT BOND 19.7 2030-10-14: 23.29%

Egypt's EUR curve

Yield to maturity of each EUR bond US funds hold (5 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

6.00%6.14%6.27%0y2y5yEGYPT (ARAB REPUBLIC OF) 5.625 2030-04-16: 6.00%Arab Republic of Egypt 5.625 2030-04-16: 6.11%Arab Republic of Egypt 6.375 2031-04-11: 6.27%Egypt (Arab Republic of) 6.375 2031-04-11: 6.26%

Egypt's USD curve

Yield to maturity of each USD bond US funds hold (45 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

5.80%7.55%9.29%0y17y35yArab Republic of Egypt 7.5 2027-01-31: 5.80%ARAB REPUBLIC OF EGYPT 5.8 2027-09-30: 6.09%ARAB REPUBLIC OF EGYPT 6.588 2028-02-21: 6.31%ARAB REPUBLIC OF EGYPT 7.6003 2029-03-01: 6.61%Arab Republic of Egypt 7.6003 2029-03-01: 6.58%EGYPT TASKEEK CO 6.375 2029-04-07: 5.99%Egyptian Financial Co. for Sovereign Taskeek (The) 6.375 2029-04-07: 6.00%Egypt Government International Bonds 8.625 2030-02-04: 6.93%ARAB REPUBLIC OF EGYPT 8.625 2030-02-04: 6.85%ARAB REPUBLIC OF EGYPT 5.875 2031-02-16: 6.97%ARAB REPUBLIC OF EGYPT 5.875 2031-02-16: 6.92%ARAB REPUBLIC OF EGYPT 7.0529 2032-01-15: 7.42%ARAB REPUBLIC OF EGYPT 7.0529 2032-01-15: 7.41%Egypt Government International Bond 7.0529 2032-01-15: 7.40%ARAB REPUBLIC OF EGYPT 7.625 2032-05-29: 7.53%ARAB REPUBLIC OF EGYPT 7.625 2032-05-29: 7.52%Egyptian Financial Co for Sovereign Taskeek/The 7.95 2032-10-07: 7.00%EGYPTIAN FINANCIAL CO FOR SOVEREIGN TASKEEK/THE 7.95 2032-10-07: 7.01%ARAB REPUBLIC OF EGYPT 9.45 2033-02-04: 7.73%ARAB REPUBLIC O 9.45% 02/04/33 9.45 2033-02-04: 7.67%Arab Republic of Egypt 9.45 2033-02-04: 7.71%ARAB REPUBLIC OF EGYPT 7.3 2033-09-30: 7.66%ARAB REPUBLIC OF EGYPT 7.3 2033-09-30: 7.69%ARAB REPUBLIC OF EGYPT 7.63 2034-05-20: 7.81%Arab Republic of Egypt 7.625 2034-05-20: 7.81%Arab Republic of Egypt 6.875 2040-04-30: 7.83%EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE 6.875 2040-04-30: 7.80%ARAB REPUBLIC OF EGYPT 8.5 2047-01-31: 9.17%Arab Republic of Egypt 8.5 2047-01-31: 9.17%Egypt (Arab Republic of) 7.903 2048-02-21: 9.17%EGYPT, (ARAB) REPUBLIC OF 7.903 2048-02-21: 9.13%Arab Republic of Egypt 7.903 2048-02-21: 9.18%Egypt Government International Bond 8.7002 2049-03-01: 9.16%Arab Republic of Egypt 8.7002 2049-03-01: 9.20%Arab Republic of Egypt 8.7002 2049-03-01: 9.21%Egypt Government International Bond 8.875 2050-05-29: 9.26%ARAB REPUBLIC OF EGYPT 8.875 2050-05-29: 9.29%ARAB REPUBLIC OF EGYPT 8.75 2051-09-30: 9.23%ARAB REPUBLIC OF EGYPT 8.75 2051-09-30: 9.23%Egypt Government International Bond 8.75 2051-09-30: 9.20%ARAB REPUBLIC OF EGYPT 8.15 2059-11-20: 9.22%ARAB REPUBLIC OF EGYPT 8.15 2059-11-20: 9.22%ARAB REPUBLIC OF EGYPT 7.5 2061-02-16: 9.12%ARAB REPUBLIC OF EGYPT 7.5 2061-02-16: 9.14%

Who holds Egypt's debt

Fund series holding Egypt's government and government-related bonds in their latest quarterly report: 333 now, 326 a quarter earlier. Names as reported in the filings.

Fund seriesReportBondsFace valueValue
PIMCO Income Fund2026-06-30 2$54.02B$1.06B
iShares J.P. Morgan USD Emerging Markets Bond ETF2026-07-31 15$464.6M$450.8M
T. Rowe Price Emerging Markets Bond Fund2026-06-30 12$1.19B$186.0M
MFS Emerging Markets Debt Fund2026-07-31 8$2.26B$155.6M
Global Macro Absolute Return Advantage Portfolio2026-07-31 2$7.38B$137.2M
VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND2026-07-31 23$128.0M$124.7M
VANGUARD EMERGING MARKETS BOND FUND2026-06-30 7$122.6M$118.3M
Fidelity New Markets Income Fund2026-06-30 16$933.4M$115.5M
BlackRock Strategic Income Opportunities Portfolio2026-06-30 18$1.99B$115.1M
American Funds Emerging Markets Bond Fund2026-06-30 33$2.43B$110.4M
Eaton Vance Emerging Markets Debt Opportunities Fund2026-07-31 3$5.84B$109.5M
N/A2026-06-30 1$5.27B$102.2M
Templeton Global Bond Fund2026-06-30 4$90.3M$89.3M
PIMCO Low Duration Income Fund2026-06-30 2$4.30B$84.0M
American Beacon Developing World Income Fund2026-07-31 15$3.12B$80.7M
PIMCO Emerging Markets Bond Fund2026-06-30 16$1.18B$75.8M
N/A2026-06-30 1$3.74B$72.6M
American Funds Multi-Sector Income Fund2026-06-30 14$70.1M$67.2M
Strategic Advisers Fidelity Core Income Fund2026-05-31 15$399.7M$62.0M
T. Rowe Price International Bond Fund (USD Hedged)2026-06-30 6$1.80B$58.2M

ETFs holding Egypt'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
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF 2026-07-3115$450.8M 3.09%
VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND 2026-07-3123$124.7M 1.87%
PCY Invesco Emerging Markets Sovereign Debt ETF 2026-07-313$39.4M 2.85%
IUSB iShares Core Universal USD Bond ETF 2026-07-3120$29.5M 0.07%
XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF 2026-07-3110$22.8M 2.70%
JPIE JPMorgan Income ETF 2026-05-3110$20.7M 0.23%
EMHY iShares J.P. Morgan EM High Yield Bond ETF 2026-07-3115$19.8M 3.17%
CGCP Capital Group Core Plus Income ETF 2026-06-306$18.2M 0.22%
JCPB JPMorgan Core Plus Bond ETF 2026-05-319$16.3M 0.13%
JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF 2026-07-3112$11.2M 2.60%
FBND Fidelity Total Bond ETF 2026-05-319$9.0M 0.03%
VUSB VANGUARD ULTRA-SHORT BOND ETF 2026-06-302$6.5M 0.07%
EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF 2026-06-3012$6.4M 2.36%
EMBD Global X Emerging Markets Bond ETF 2026-05-316$5.7M 2.23%
VCRB VANGUARD CORE BOND ETF 2026-06-302$3.6M 0.05%

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