Georgia government bonds
Georgia'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 |
|---|---|---|---|---|---|---|---|---|
| GEL Other foreign-currency bonds | own currency: yield only, no default number | 6 | — | — | — | — | 8.60% | $19.9M |
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 2 | n/a | — | — | — | — | $15.6M |
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.
Georgia's GEL curve
Yield to maturity of each GEL bond US funds hold (6 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Georgia's debt
Fund series holding Georgia's government and government-related bonds in their latest quarterly report: 24 now, 16 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 2026-06-30 | 5 | $53.5M | $20.4M |
| American Beacon Developing World Income Fund | 2026-07-31 | 5 | $34.0M | $12.8M |
| Global Macro Portfolio | 2026-07-31 | 3 | $10.4M | $9.5M |
| International Income Portfolio | 2026-07-31 | 2 | $10.5M | $4.1M |
| Fidelity New Markets Income Fund | 2026-06-30 | 1 | $4.1M | $4.0M |
| SIT Emerging Markets Debt Fund | 2026-06-30 | 6 | $9.0M | $3.4M |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $3.5M | $3.4M |
| Artisan Emerging Markets Debt Opportunities Fund | 2026-06-30 | 5 | $7.0M | $2.7M |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 3 | $6.2M | $2.3M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $2.4M | $2.3M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 1 | $2.3M | $2.3M |
| Nuveen Emerging Markets Debt Fund | 2026-06-30 | 1 | $1.9M | $1.8M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 1 | $1.9M | $1.8M |
| Nuveen Strategic Income Fund | 2026-05-31 | 1 | $1.5M | $1.5M |
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 2 | $3.8M | $1.5M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 2 | $2.6M | $988K |
| iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $600K | $581K |
| AB International Bond Portfolio | 2026-06-30 | 1 | $491K | $478K |
| William Blair Emerging Markets Debt Fund | 2026-06-30 | 1 | $900K | $335K |
| Eaton Vance Ltd Duration Income Fund | 2026-06-30 | 1 | $343K | $334K |
ETFs holding Georgia'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 |
|---|---|---|---|---|
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $3.4M | 0.79% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $2.3M | 0.03% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $581K | 0.00% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $272K | 0.02% |
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.