Lebanon government bonds
Lebanon'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 | 29 | n/a | — | — | — | — | $437.8M |
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.
Who holds Lebanon's debt
Fund series holding Lebanon's government and government-related bonds in their latest quarterly report: 104 now, 107 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 25 | $540.1M | $146.8M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 25 | $260.8M | $70.9M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 12 | $154.7M | $41.8M |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 7 | $146.3M | $39.5M |
| Global Macro Portfolio | 2026-07-31 | 25 | $137.7M | $37.5M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 4 | $104.4M | $27.7M |
| BlackRock Strategic Income Opportunities Portfolio | 2026-06-30 | 9 | $110.3M | $27.4M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 13 | $103.7M | $25.6M |
| American Beacon Developing World Income Fund | 2026-07-31 | 8 | $85.7M | $24.0M |
| Fidelity New Markets Income Fund | 2026-06-30 | 8 | $72.0M | $18.2M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 2 | $54.3M | $14.5M |
| Blackstone Alternative Multi-Strategy Fund | 2026-06-30 | 2 | $49.1M | $12.4M |
| iShares Flexible Income Active ETF | 2026-07-31 | 7 | $40.4M | $10.8M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 8 | $40.6M | $10.6M |
| Emerging Markets Local Income Portfolio | 2026-07-31 | 25 | $35.1M | $9.5M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $33.0M | $9.1M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | 6 | $34.8M | $8.8M |
| JPMorgan Income Builder Fund | 2026-07-31 | 5 | $32.5M | $8.8M |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 4 | $30.3M | $8.1M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 6 | $31.2M | $8.0M |
ETFs holding Lebanon'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 |
|---|---|---|---|---|
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 7 | $39.5M | 0.27% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 7 | $9.1M | 0.14% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 8 | $6.1M | 0.73% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 23 | $5.6M | 0.48% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 19 | $3.7M | 0.07% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 7 | $3.0M | 0.48% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 7 | $2.1M | 0.00% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 1 | $1.4M | 0.33% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $874K | 0.00% |
| EMBD Global X Emerging Markets Bond ETF | 2026-05-31 | 1 | $652K | 0.25% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 6 | $308K | 0.11% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 4 | $307K | 0.01% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $253K | 0.06% |
| VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 2026-07-31 | 1 | $113K | 0.23% |
| BEMB iShares J.P. Morgan Broad USD Emerging Markets Bond ETF | 2026-07-31 | 2 | $94K | 0.22% |
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.