LA government bonds
LA'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 | 2 | n/a | — | — | — | — | $17.1M |
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.
Who holds LA's debt
Fund series holding LA's government and government-related bonds in their latest quarterly report: 12 now, 12 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Artisan Global Unconstrained Fund | 2026-06-30 | 1 | $35.2M | $37.7M |
| American Beacon Developing World Income Fund | 2026-07-31 | 2 | $13.5M | $14.6M |
| Templeton Emerging Markets Income Fund | 2026-06-30 | 1 | $6.4M | $6.9M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $5.3M | $5.6M |
| Artisan Emerging Markets Debt Opportunities Fund | 2026-06-30 | 1 | $4.6M | $4.9M |
| Templeton Global Dynamic Income Fund | 2026-06-30 | 1 | $2.8M | $2.9M |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 2 | $2.7M | $2.8M |
| ABRDN ASIA-PACIFIC INCOME FUND, INC. | 2026-07-31 | 1 | $2.3M | $2.5M |
| VanEck Emerging Markets Bond ETF | 2026-06-30 | 2 | $1.5M | $1.6M |
| SIT Emerging Markets Debt Fund | 2026-06-30 | 1 | $1.4M | $1.5M |
| William Blair Emerging Markets Debt Fund | 2026-06-30 | 1 | $200K | $212K |
| VanEck VIP Emerging Markets Bond Fund | 2026-06-30 | 1 | $116K | $124K |
ETFs holding LA'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 |
|---|---|---|---|---|
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 2 | $1.6M | 0.64% |
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.