Latvia government bonds
Latvia'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 members, euro bonds (vs German Bunds) | vs German Bunds | 8 | 62 bp | 65 bp | 5.1% | +18 bp | 3.68% | $163.9M |
| USD Developed markets, US-dollar bonds | vs US Treasuries | 2 | n/a | 75 bp | — | — | — | $33.8M |
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.
Latvia's EUR curve
Yield to maturity of each EUR bond US funds hold (7 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Latvia's debt
Fund series holding Latvia's government and government-related bonds in their latest quarterly report: 50 now, 49 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| T. Rowe Price International Bond Fund (USD Hedged) | 2026-06-30 | 2 | $127.6M | $146.6M |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND | 2026-07-31 | 3 | $73.2M | $82.6M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 4 | $67.4M | $75.8M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND | 2026-06-30 | 1 | $54.3M | $54.9M |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 9 | $53.6M | $53.9M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 1 | $38.8M | $39.2M |
| Nuveen International Aggregate Bond ETF | 2026-06-30 | 13 | $27.6M | $30.1M |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 1 | $25.9M | $25.7M |
| T. Rowe Price International Bond Fund | 2026-06-30 | 2 | $13.0M | $15.0M |
| Capital World Bond Fund | 2026-06-30 | 1 | $9.0M | $10.4M |
| AST PGIM Aggressive Multi-Asset Portfolio | 2026-06-30 | 4 | $5.7M | $6.4M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $6.2M | $6.3M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 7 | $4.9M | $5.3M |
| Six Circles Global Bond Fund | 2026-06-30 | 7 | $4.5M | $4.7M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 1 | $4.6M | $4.7M |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.5M | $2.5M |
| State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 5 | $1.5M | $1.6M |
| Capital World Bond Fund | 2026-06-30 | 1 | $1.3M | $1.5M |
| VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 1 | $1.5M | $1.5M |
| BlackRock Global Allocation Fund, Inc. | 2026-07-31 | 1 | $1.4M | $1.4M |
ETFs holding Latvia'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 | 4 | $75.8M | 0.06% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 13 | $30.1M | 0.78% |
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 1 | $25.7M | 0.18% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 7 | $5.3M | 0.05% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.5M | 0.30% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 5 | $1.6M | 0.12% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 1 | $1.5M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $1.4M | 0.00% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 2 | $397K | 0.13% |
| JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 2026-05-31 | 1 | $200K | 0.31% |
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.