Iceland government bonds
Iceland'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 bonds of non-euro countries | vs German Bunds | 3 | n/a | — | — | — | — | $40.6M |
| ISK Other foreign-currency bonds | own currency: yield only, no default number | 2 | — | — | — | — | — | $10.8M |
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.
Iceland's ISK curve
Yield to maturity of each ISK bond US funds hold (4 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Iceland's debt
Fund series holding Iceland's government and government-related bonds in their latest quarterly report: 23 now, 28 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| VANGUARD CORE BOND FUND | 2026-06-30 | 2 | $61.2M | $69.6M |
| VANGUARD STAR CORE-PLUS BOND FUND | 2026-07-31 | 2 | $30.9M | $34.9M |
| Artisan Global Unconstrained Fund | 2026-06-30 | 4 | $4.24B | $33.1M |
| VANGUARD CORE BOND ETF | 2026-06-30 | 2 | $15.5M | $17.6M |
| T. Rowe Price International Bond Fund (USD Hedged) | 2026-06-30 | 2 | $13.5M | $15.3M |
| Global Opportunities Portfolio | 2026-07-31 | 3 | $1.58B | $10.7M |
| International Income Portfolio | 2026-07-31 | 1 | $926.5M | $7.5M |
| AST PGIM Aggressive Multi-Asset Portfolio | 2026-06-30 | 2 | $5.8M | $6.4M |
| Strategic Bond Fund | 2026-07-31 | 2 | $724.4M | $5.7M |
| Empower Global Bond Fund | 2026-06-30 | 4 | $739.6M | $5.4M |
| T. Rowe Price International Bond Fund | 2026-06-30 | 2 | $3.5M | $3.9M |
| VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 2 | $3.2M | $3.7M |
| VANGUARD GLOBAL CREDIT BOND FUND | 2026-07-31 | 2 | $3.1M | $3.5M |
| AST Balanced Asset Allocation Portfolio | 2026-06-30 | 2 | $3.1M | $3.5M |
| VANGUARD CORE-PLUS BOND FUND | 2026-06-30 | 2 | $3.0M | $3.4M |
| SIT International Fixed Income Fund | 2026-06-30 | 1 | $297.5M | $2.3M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 3 | $1.8M | $2.0M |
| Strategic Bond Fund | 2026-06-30 | 2 | $236.9M | $1.8M |
| Opportunistic Fixed Income Trust | 2026-06-30 | 3 | $239.1M | $1.8M |
| AST Aggressive Asset Allocation Portfolio | 2026-06-30 | 2 | $1.3M | $1.4M |
ETFs holding Iceland's bonds
From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.
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.