Ireland government bonds
Ireland'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 | 16 | 10 bp | 13 bp | 0.8% | -3 bp | 3.27% | $1.05B |
| USD Developed markets, US-dollar bonds | vs US Treasuries | 4 | 548 bp | — | 36.6% | — | 9.72% | $12.0M |
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.
Ireland's EUR curve
Yield to maturity of each EUR bond US funds hold (17 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Ireland's USD curve
Yield to maturity of each USD 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 Ireland's debt
Fund series holding Ireland's government and government-related bonds in their latest quarterly report: 83 now, 79 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 | 15 | $594.7M | $575.5M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 13 | $522.3M | $513.4M |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 16 | $468.0M | $485.4M |
| BlackRock Strategic Income Opportunities Portfolio | 2026-06-30 | 1 | $316.4M | $353.4M |
| iShares International Treasury Bond ETF | 2026-07-31 | 17 | $45.6M | $45.7M |
| Six Circles Global Bond Fund | 2026-06-30 | 12 | $31.2M | $32.3M |
| Nuveen International Aggregate Bond ETF | 2026-06-30 | 16 | $30.9M | $32.2M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 17 | $31.6M | $31.1M |
| iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 2 | $19.6M | $21.7M |
| BlackRock Global Allocation V.I. Fund | 2026-06-30 | 1 | $15.8M | $17.6M |
| Franklin International Aggregate Bond ETF | 2026-06-30 | 1 | $15.0M | $16.2M |
| Capital World Bond Fund | 2026-06-30 | 6 | $13.1M | $14.1M |
| State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 17 | $13.4M | $13.7M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 4 | $12.6M | $12.7M |
| American Funds Global Balanced Fund | 2026-07-31 | 2 | $11.1M | $12.0M |
| Nuveen International Bond Fund | 2026-06-30 | 4 | $11.6M | $11.1M |
| JNL/BlackRock Global Allocation Fund | 2026-06-30 | 1 | $9.6M | $10.8M |
| BNY Mellon Global Fixed Income Fund | 2026-06-30 | 1 | $9.1M | $10.1M |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 3 | $9.5M | $9.8M |
| BlackRock Strategic Global Bond Fund, Inc. | 2026-06-30 | 2 | $8.5M | $9.3M |
ETFs holding Ireland'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 | 13 | $513.4M | 0.42% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 17 | $45.7M | 2.99% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 16 | $32.2M | 0.83% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 17 | $31.1M | 0.28% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 2 | $21.7M | 2.62% |
| FLIA Franklin International Aggregate Bond ETF | 2026-06-30 | 1 | $16.2M | 2.11% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 17 | $13.7M | 1.02% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 3 | $9.8M | 2.27% |
| DFSB Dimensional Global Sustainability Fixed Income ETF | 2026-07-31 | 2 | $2.8M | 0.38% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 2 | $2.5M | 0.86% |
| DFGX Dimensional International Core Fixed Income ETF | 2026-07-31 | 1 | $261K | 0.02% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 1 | $164K | 0.00% |
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.