Israel government bonds
Israel'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 |
|---|---|---|---|---|---|---|---|---|
| ILS Own-currency bonds | own currency: yield only, no default number | 15 | — | — | — | — | 3.62% | $1.34B |
| EUR Euro bonds of non-euro countries | vs German Bunds | 5 | 110 bp | — | 8.8% | — | 4.36% | $67.7M |
| USD Developed markets, US-dollar bonds | vs US Treasuries | 2 | n/a | — | — | — | — | $57.1M |
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.
Israel's EUR curve
Yield to maturity of each EUR bond US funds hold (5 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Israel's ILS curve
Yield to maturity of each ILS bond US funds hold (14 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Israel's USD curve
Yield to maturity of each USD bond US funds hold (20 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Israel's debt
Fund series holding Israel's government and government-related bonds in their latest quarterly report: 279 now, 287 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 | 17 | $2.15B | $687.6M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 17 | $1.77B | $572.9M |
| VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 18 | $447.4M | $416.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND | 2026-06-30 | 18 | $435.8M | $408.6M |
| PIMCO Income Fund | 2026-06-30 | 2 | $322.2M | $326.4M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND | 2026-07-31 | 3 | $195.7M | $192.6M |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 2026-06-30 | 6 | $156.1M | $156.5M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND | 2026-07-31 | 4 | $132.5M | $130.2M |
| PIMCO Total Return Fund | 2026-06-30 | 5 | $130.2M | $115.1M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND | 2026-06-30 | 4 | $111.4M | $110.7M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | 3 | $102.1M | $102.1M |
| State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF | 2026-06-30 | 14 | $289.2M | $92.6M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $85.8M | $85.7M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | 3 | $85.2M | $85.0M |
| PIMCO Long Duration Credit Bond Portfolio | 2026-06-30 | 9 | $95.4M | $85.0M |
| iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $88.6M | $79.5M |
| Fidelity U.S. Bond Index Fund | 2026-05-31 | 10 | $77.4M | $69.3M |
| VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $63.7M | $62.2M |
| VANGUARD CORE BOND FUND | 2026-06-30 | 5 | $57.5M | $60.0M |
| PIMCO Low Duration Income Fund | 2026-06-30 | 1 | $57.3M | $58.1M |
ETFs holding Israel'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 | 17 | $572.9M | 0.47% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 18 | $416.2M | 0.10% |
| EBND State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF | 2026-06-30 | 14 | $92.6M | 4.10% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $85.7M | 0.16% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 14 | $79.5M | 0.06% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $62.2M | 0.09% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 14 | $49.8M | 3.26% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 21 | $42.1M | 0.10% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 15 | $38.3M | 0.34% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 4 | $35.7M | 4.32% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 19 | $28.6M | 0.74% |
| WIP State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF | 2026-06-30 | 11 | $23.3M | 4.54% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 14 | $15.2M | 1.13% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 7 | $15.1M | 0.17% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 6 | $14.9M | 0.20% |
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.