Russia government bonds
Russia'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 |
|---|---|---|---|---|---|---|---|---|
| RUB Own-currency bonds | own currency: yield only, no default number | 3 | — | — | — | — | — | $0 |
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 Russia's debt
Fund series holding Russia's government and government-related bonds in their latest quarterly report: 24 now, 24 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| PIMCO Income Fund | 2026-06-30 | 7 | $1.10B | $368.9M |
| PIMCO CORPORATE & INCOME OPPORTUNITY FUND | 2026-06-30 | 3 | $13.6M | $9.5M |
| PIMCO Dynamic Income Fund | 2026-06-30 | 4 | $11.0M | $7.3M |
| PIMCO Access Income Fund | 2026-06-30 | 3 | $9.0M | $6.3M |
| Bridge Builder Core Plus Bond Fund | 2026-06-30 | 5 | $8.2M | $5.5M |
| PIMCO Flexible Credit Income Fund | 2026-06-30 | 3 | $7.0M | $4.3M |
| JNL/PIMCO Income Fund | 2026-06-30 | 6 | $12.2M | $4.3M |
| PIMCO Low Duration Income Fund | 2026-06-30 | 6 | $17.6M | $3.6M |
| PIMCO Dynamic Income Opportunities Fund | 2026-06-30 | 3 | $4.4M | $2.9M |
| PIMCO Income Portfolio | 2026-06-30 | 5 | $4.0M | $1.4M |
| JNL/PIMCO Investment Grade Credit Bond Fund | 2026-06-30 | 2 | $400K | $328K |
| PIMCO Emerging Markets Bond Portfolio | 2026-06-30 | 1 | $300K | $210K |
| PIMCO Global StocksPLUS & Income Fund | 2026-06-30 | 1 | $200K | $140K |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 1 | $110K | $73K |
| GMO Emerging Country Debt Fund | 2026-05-31 | 2 | $26.4M | $13K |
| SIT Emerging Markets Debt Fund | 2026-06-30 | 1 | $114 | $74 |
| Fidelity International Bond Index Fund | 2026-06-30 | 1 | $4.2M | $0 |
| Voya Global Bond Fund | 2026-07-31 | 1 | $47.9M | $0 |
| Virtus Stone Harbor Emerging Markets Debt Income Fund | 2026-05-29 | 1 | $100K | $0 |
| AB All Market Total Return Portfolio | 2026-06-30 | 1 | $23.8M | $0 |
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.