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Bonds · Sovereign

Croatia government bonds

Croatia'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
EUR Euro members, euro bonds (vs German Bunds) vs German Bunds11 32 bp 40 bp2.6% -5 bp3.31% $186.4M

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.

32 bp139 bp247 bpJan 2021Jul 20262021-01-31: 119 bp2021-02-28: 135 bp2021-03-31: 124 bp2021-04-30: 120 bp2021-05-31: 137 bp2021-06-30: 136 bp2021-07-31: 133 bp2021-08-31: 122 bp2021-09-30: 128 bp2021-10-31: 109 bp2021-11-30: 191 bp2021-12-31: 140 bp2022-01-31: 144 bp2022-02-28: 247 bp2022-03-31: 176 bp2022-04-30: 214 bp2022-05-31: 192 bp2022-06-30: 216 bp2022-07-31: 202 bp2022-09-30: 231 bp2022-10-31: 202 bp2022-12-31: 144 bp2023-01-31: 138 bp2023-03-31: 154 bp2023-04-30: 148 bp2023-06-30: 128 bp2023-07-31: 119 bp2023-09-30: 132 bp2023-10-31: 127 bp2023-12-31: 114 bp2024-01-31: 107 bp2024-03-31: 84 bp2024-04-30: 80 bp2024-06-30: 80 bp2024-07-31: 94 bp2024-09-30: 83 bp2024-10-31: 66 bp2024-12-31: 62 bp2025-01-31: 67 bp2025-03-31: 62 bp2025-04-30: 54 bp2025-06-30: 47 bp2025-07-31: 41 bp2025-09-30: 44 bp2025-10-31: 40 bp2025-12-31: 39 bp2026-01-31: 42 bp2026-03-31: 50 bp2026-04-30: 33 bp2026-06-30: 37 bp2026-07-31: 32 bp

Croatia's EUR curve

Yield to maturity of each EUR bond US funds hold (11 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

2.84%3.28%3.72%0y5y11yCROATIA 3.0 2027-03-20: 2.84%CROATIA 2.7 2028-06-15: 3.03%CROATIA 1.125 2029-06-19: 3.10%CROATIA 2.75 2030-01-27: 3.18%CROATIA 1.5 2031-06-17: 3.24%CROATIA 2.875 2032-04-22: 3.27%CROATIA 1.125 2033-03-04: 3.35%CROATIA 3.375 2034-03-12: 3.51%Croatia Government International Bond 4.0 2035-06-14: 3.55%CROATIA 3.25 2037-02-11: 3.72%

Who holds Croatia's debt

Fund series holding Croatia's government and government-related bonds in their latest quarterly report: 15 now, 16 a quarter earlier. Names as reported in the filings.

Fund seriesReportBondsFace valueValue
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND2026-07-31 8$89.4M$97.4M
VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND2026-07-31 7$71.6M$78.4M
Nuveen International Aggregate Bond ETF2026-06-30 11$15.0M$16.3M
Six Circles Global Bond Fund2026-06-30 9$10.9M$12.2M
iShares Core International Aggregate Bond ETF2026-07-31 10$7.8M$8.6M
Capital World Bond Fund2026-06-30 1$7.1M$8.0M
AST PGIM Aggressive Multi-Asset Portfolio2026-06-30 2$6.4M$6.8M
State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF2026-06-30 6$3.0M$3.4M
AST Balanced Asset Allocation Portfolio2026-06-30 3$2.5M$2.7M
American Funds Global Balanced Fund2026-07-31 1$1.8M$1.9M
AST Aggressive Asset Allocation Portfolio2026-06-30 2$1.5M$1.6M
Capital World Bond Fund2026-06-30 1$1.0M$1.1M
AST Preservation Asset Allocation Portfolio2026-06-30 1$1.0M$1.1M
SPDR(R) Bloomberg Short Term International Treasury Bond ETF2026-06-30 1$465K$531K
Lazard Retirement Global Dynamic Multi-Asset Portfolio2026-06-30 1$100K$89K

ETFs holding Croatia'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
BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND 2026-07-317$78.4M 0.06%
NXUS Nuveen International Aggregate Bond ETF 2026-06-3011$16.3M 0.42%
IAGG iShares Core International Aggregate Bond ETF 2026-07-3110$8.6M 0.08%
BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF 2026-06-306$3.4M 0.25%
BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF 2026-06-301$531K 0.18%

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