Finland government bonds
Finland'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 |
|---|---|---|---|---|---|---|---|---|
| EUR Euro members, euro bonds (vs German Bunds) | vs German Bunds | 26 | 24 bp | 25 bp | 1.9% | -2 bp | 3.37% | $1.80B |
| USD Developed markets, US-dollar bonds | vs US Treasuries | 3 | 17 bp | 19 bp | 1.4% | — | 4.67% | $18.5M |
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.
EUR spread history
Median spread vs German Bunds, month-ends with complete filings. Fund-reported.
USD spread history
Median spread vs US Treasuries, month-ends with complete filings. Fund-reported.
Finland's EUR curve
Yield to maturity of each EUR bond US funds hold (43 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Finland's USD curve
Yield to maturity of each USD bond US funds hold (9 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Finland's debt
Fund series holding Finland's government and government-related bonds in their latest quarterly report: 71 now, 64 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 | 34 | $985.7M | $998.8M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 30 | $785.6M | $798.1M |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 19 | $622.2M | $611.4M |
| DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO | 2026-07-31 | 9 | $379.6M | $413.8M |
| VANGUARD CORE BOND FUND | 2026-06-30 | 1 | $125.1M | $124.6M |
| DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO | 2026-07-31 | 2 | $84.7M | $95.9M |
| DFA ONE-YEAR FIXED INCOME PORTFOLIO | 2026-07-31 | 2 | $59.5M | $59.5M |
| iShares International Treasury Bond ETF | 2026-07-31 | 26 | $58.6M | $59.4M |
| Six Circles Global Bond Fund | 2026-06-30 | 39 | $59.0M | $58.9M |
| Nuveen International Aggregate Bond ETF | 2026-06-30 | 29 | $52.6M | $55.4M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 38 | $51.5M | $52.1M |
| VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $39.8M | $39.6M |
| iShares Floating Rate Bond ETF | 2026-07-31 | 2 | $32.2M | $32.9M |
| iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 4 | $28.9M | $32.7M |
| DFA International Government Fixed Income Portfolio | 2026-07-31 | 1 | $19.0M | $19.3M |
| State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 26 | $17.6M | $17.8M |
| VANGUARD STAR CORE-PLUS BOND FUND | 2026-07-31 | 1 | $15.8M | $15.4M |
| iShares Global Government Bond USD Hedged Active ETF | 2026-07-31 | 12 | $10.5M | $11.1M |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | 1 | $10.5M | $11.0M |
| Dimensional VA Global Bond Portfolio | 2026-07-31 | 8 | $9.8M | $10.8M |
ETFs holding Finland'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 | 30 | $798.1M | 0.65% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 26 | $59.4M | 3.89% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 29 | $55.4M | 1.43% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 38 | $52.1M | 0.46% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $39.6M | 0.54% |
| FLOT iShares Floating Rate Bond ETF | 2026-07-31 | 2 | $32.9M | 0.32% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 4 | $32.7M | 3.96% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 26 | $17.8M | 1.32% |
| FLIA Franklin International Aggregate Bond ETF | 2026-06-30 | 1 | $9.7M | 1.27% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 1 | $8.8M | 0.53% |
| FLRN State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF | 2026-06-30 | 2 | $8.2M | 0.28% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 5 | $6.3M | 0.88% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 6 | $5.8M | 0.01% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 3 | $4.7M | 0.28% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 4 | $3.9M | 1.33% |
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.