Kuwait government bonds
Kuwait'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 |
|---|---|---|---|---|---|---|---|---|
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 12 | 83 bp | 93 bp | 6.7% | +31 bp | 5.15% | $265.5M |
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.
USD spread history
Median spread vs US Treasuries, month-ends with complete filings. Fund-reported.
Kuwait's USD curve
Yield to maturity of each USD bond US funds hold (12 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Kuwait's debt
Fund series holding Kuwait's government and government-related bonds in their latest quarterly report: 132 now, 93 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| PIMCO Income Fund | 2026-06-30 | 2 | $728.1M | $724.6M |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 2026-06-30 | 4 | $117.6M | $116.6M |
| PIMCO Low Duration Income Fund | 2026-06-30 | 2 | $101.5M | $100.7M |
| PIMCO Total Return Fund | 2026-06-30 | 4 | $95.9M | $94.9M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $58.2M | $55.8M |
| Income Fund of America | 2026-07-31 | 3 | $47.2M | $45.9M |
| Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $40.8M | $39.1M |
| Bond Fund of America | 2026-06-30 | 1 | $36.0M | $35.2M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 2 | $35.2M | $35.1M |
| VANGUARD INSTITUTIONAL SHORT-TERM BOND FUND | 2026-06-30 | 1 | $35.0M | $34.5M |
| Bridge Builder Core Plus Bond Fund | 2026-06-30 | 1 | $31.7M | $31.6M |
| PIMCO Long Duration Credit Bond Portfolio | 2026-06-30 | 1 | $29.6M | $29.5M |
| PIMCO Investment Grade Credit Bond Fund | 2026-06-30 | 2 | $27.7M | $27.6M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 4 | $27.5M | $27.2M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 1 | $25.4M | $24.8M |
| PIMCO Multisector Bond Active Exchange-Traded Fund | 2026-06-30 | 1 | $18.8M | $18.8M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 1 | $18.8M | $18.7M |
| Intermediate Bond Fund of America | 2026-05-31 | 1 | $16.8M | $16.6M |
| Invesco Short Term Bond Fund | 2026-05-31 | 2 | $16.6M | $16.4M |
| Victory Pioneer Bond Fund | 2026-06-30 | 1 | $16.8M | $16.4M |
ETFs holding Kuwait'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 |
|---|---|---|---|---|
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $55.8M | 0.84% |
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $39.1M | 2.83% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $13.0M | 0.03% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 3 | $3.1M | 1.14% |
| CORP PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $2.3M | 0.14% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 3 | $1.9M | 0.04% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $1.8M | 0.07% |
| GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 2026-05-31 | 1 | $1.1M | 0.14% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 2 | $861K | 0.07% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $770K | 0.17% |
| VSDB VANGUARD SHORT DURATION BOND ETF | 2026-06-30 | 1 | $646K | 0.07% |
| GEMD Goldman Sachs Access Emerging Markets USD Bond ETF | 2026-05-31 | 3 | $590K | 1.74% |
| GTOS Invesco Short Duration Total Return Bond ETF | 2026-07-31 | 2 | $540K | 0.44% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $398K | 0.01% |
| EUSB iShares ESG Advanced Universal USD Bond ETF | 2026-05-31 | 2 | $392K | 0.06% |
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.