United Kingdom government bonds
United Kingdom'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 |
|---|---|---|---|---|---|---|---|---|
| GBP Own-currency bonds | own currency: yield only, no default number | 67 | — | — | — | — | 5.14% | $18.07B |
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.
United Kingdom's GBP curve
Yield to maturity of each GBP bond US funds hold (61 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds United Kingdom's debt
Fund series holding United Kingdom's government and government-related bonds in their latest quarterly report: 242 now, 252 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 | 61 | $7.99B | $8.82B |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 60 | $6.64B | $7.38B |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 38 | $1.07B | $1.15B |
| T. Rowe Price Dynamic Global Bond Fund | 2026-06-30 | 4 | $844.3M | $1.09B |
| PIMCO Total Return Fund | 2026-06-30 | 3 | $696.9M | $857.3M |
| Six Circles Global Bond Fund | 2026-06-30 | 70 | $765.1M | $837.6M |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 2026-06-30 | 9 | $654.0M | $752.7M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 68 | $574.7M | $635.7M |
| BlackRock Strategic Income Opportunities Portfolio | 2026-06-30 | 4 | $505.1M | $495.3M |
| T. Rowe Price International Bond Fund (USD Hedged) | 2026-06-30 | 6 | $374.0M | $423.9M |
| FS Multi-Strategy Alternatives Fund | 2026-06-30 | 3 | $220.5M | $240.9M |
| BrandywineGLOBAL - Global Opportunities Bond Fund | 2026-06-30 | 4 | $193.4M | $232.3M |
| Capital World Bond Fund | 2026-06-30 | 34 | $387.9M | $227.4M |
| American Funds Global Balanced Fund | 2026-07-31 | 15 | $190.4M | $199.5M |
| BNY Mellon Global Fixed Income Fund | 2026-06-30 | 3 | $228.2M | $194.1M |
| Multi-Manager Total Return Bond Strategies Fund | 2026-05-31 | 1 | $135.4M | $182.8M |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | 8 | $166.0M | $176.5M |
| PIMCO Long Duration Credit Bond Portfolio | 2026-06-30 | 1 | $153.8M | $171.5M |
| iShares Global Government Bond USD Hedged Active ETF | 2026-07-31 | 21 | $133.8M | $163.8M |
| T. Rowe Price Global Multi-Sector Bond Fund, Inc. | 2026-05-31 | 5 | $121.3M | $159.8M |
ETFs holding United Kingdom'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 | 60 | $7.38B | 6.02% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 68 | $635.7M | 5.67% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 55 | $156.2M | 4.03% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 65 | $106.9M | 7.00% |
| WIP State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF | 2026-06-30 | 35 | $89.4M | 17.44% |
| FLIA Franklin International Aggregate Bond ETF | 2026-06-30 | 4 | $69.8M | 9.09% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 61 | $67.5M | 5.01% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 9 | $47.7M | 2.77% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 9 | $47.2M | 5.72% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 5 | $42.8M | 1.27% |
| CGIB Capital Group International Bond ETF (USD-Hedged) | 2026-06-30 | 6 | $27.5M | 10.00% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 6 | $21.1M | 2.92% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 8 | $13.5M | 4.60% |
| AINP Allspring Income Plus ETF | 2026-06-30 | 3 | $5.4M | 2.49% |
| EMLC VanEck J.P. Morgan EM Local Currency Bond ETF | 2026-06-30 | 1 | $4.7M | 0.10% |
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.