Mongolia government bonds
Mongolia'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 | 157 bp | — | 12.3% | -1 bp | 5.85% | $116.2M |
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.
Mongolia's USD curve
Yield to maturity of each USD bond US funds hold (16 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Mongolia's debt
Fund series holding Mongolia's government and government-related bonds in their latest quarterly report: 84 now, 70 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $41.2M | $40.4M |
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 4 | $23.1M | $23.7M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 4 | $20.3M | $20.8M |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | 3 | $16.4M | $16.3M |
| BlackRock Strategic Income Opportunities Portfolio | 2026-06-30 | 4 | $12.2M | $12.4M |
| Columbia Strategic Income Fund | 2026-05-31 | 1 | $10.9M | $11.5M |
| Fidelity New Markets Income Fund | 2026-06-30 | 4 | $10.7M | $10.9M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 1 | $9.3M | $9.2M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 4 | $7.5M | $7.3M |
| Six Circles Credit Opportunities Fund | 2026-06-30 | 6 | $6.7M | $6.5M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 4 | $5.8M | $5.9M |
| iShares Flexible Income Active ETF | 2026-07-31 | 3 | $5.8M | $5.8M |
| Global Macro Portfolio | 2026-07-31 | 4 | $5.4M | $5.5M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 1 | $5.5M | $5.5M |
| JPMorgan Income Fund | 2026-05-31 | 1 | $5.6M | $5.3M |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 2 | $5.1M | $5.1M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 3 | $4.5M | $4.6M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 2 | $4.2M | $4.3M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 3 | $4.0M | $4.1M |
| Goldman Sachs Emerging Markets Debt Fund | 2026-06-30 | 7 | $3.0M | $3.0M |
ETFs holding Mongolia'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 |
|---|---|---|---|---|
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $40.4M | 2.92% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 4 | $7.3M | 0.11% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 2 | $5.1M | 1.18% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 4 | $2.4M | 0.01% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 2 | $2.2M | 0.02% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $1.0M | 0.00% |
| UNIY WisdomTree VOYA Yield Enhanced USD Universal Bond Fund | 2026-05-31 | 1 | $211K | 0.02% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $204K | 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.