Montenegro government bonds
Montenegro'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 | 4 | 166 bp | — | 12.9% | -8 bp | 4.52% | $74.8M |
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 2 | n/a | — | — | — | — | $19.7M |
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.
USD spread history
Median spread vs US Treasuries, month-ends with complete filings. Fund-reported.
Montenegro's EUR curve
Yield to maturity of each EUR 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 Montenegro's debt
Fund series holding Montenegro's government and government-related bonds in their latest quarterly report: 83 now, 79 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 3 | $63.6M | $68.5M |
| T. Rowe Price International Bond Fund (USD Hedged) | 2026-06-30 | 2 | $30.1M | $34.1M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 1 | $28.4M | $32.9M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 1 | $17.5M | $18.6M |
| Fidelity New Markets Income Fund | 2026-06-30 | 2 | $16.4M | $17.7M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 3 | $15.7M | $17.4M |
| Global Macro Portfolio | 2026-07-31 | 1 | $11.7M | $13.5M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 2 | $9.6M | $10.3M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 2 | $8.9M | $9.7M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 2 | $7.7M | $8.3M |
| Emerging Markets Local Income Portfolio | 2026-07-31 | 1 | $5.8M | $6.7M |
| JPMorgan Income Fund | 2026-05-31 | 1 | $5.9M | $6.2M |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 3 | $4.9M | $5.3M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $3.8M | $3.9M |
| T. Rowe Price International Bond Fund | 2026-06-30 | 2 | $3.5M | $3.9M |
| Fidelity Total Bond Fund | 2026-05-31 | 1 | $3.7M | $3.9M |
| Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $3.0M | $3.5M |
| Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $2.0M | $2.4M |
| JPMorgan Core Plus Bond Fund | 2026-05-31 | 1 | $2.2M | $2.3M |
| Fidelity Total Bond ETF | 2026-05-31 | 1 | $2.2M | $2.3M |
ETFs holding Montenegro'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 |
|---|---|---|---|---|
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 3 | $5.3M | 1.24% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $3.9M | 0.06% |
| XAGG Eaton Vance Income Opportunities ETF | 2026-06-30 | 1 | $3.5M | 0.30% |
| EVTR Eaton Vance Total Return Bond ETF | 2026-06-30 | 1 | $2.4M | 0.04% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $2.3M | 0.01% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $2.1M | 0.02% |
| TOTR T. Rowe Price Total Return ETF | 2026-05-31 | 2 | $1.9M | 0.34% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 1 | $840K | 0.00% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 1 | $633K | 0.01% |
| JSCP JPMorgan Short Duration Core Plus ETF | 2026-05-31 | 1 | $211K | 0.01% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $210K | 0.00% |
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.