Rwanda government bonds
Rwanda'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 | 2 | n/a | — | — | — | — | $9.2M |
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.
Who holds Rwanda's debt
Fund series holding Rwanda's government and government-related bonds in their latest quarterly report: 37 now, 36 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Templeton Emerging Markets Income Fund | 2026-06-30 | 1 | $17.8M | $17.1M |
| Fidelity New Markets Income Fund | 2026-06-30 | 1 | $8.8M | $8.4M |
| JPMorgan Income Fund | 2026-05-31 | 1 | $8.0M | $7.5M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 1 | $5.7M | $5.5M |
| Templeton Global Dynamic Income Fund | 2026-06-30 | 1 | $4.8M | $4.6M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 1 | $4.8M | $4.5M |
| JPMorgan Income ETF | 2026-05-31 | 1 | $4.0M | $3.8M |
| Nuveen Core Bond Fund | 2026-06-30 | 1 | $3.8M | $3.7M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 1 | $3.2M | $3.0M |
| Nuveen Core Plus Bond Fund | 2026-06-30 | 1 | $3.1M | $3.0M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 1 | $2.9M | $2.8M |
| American Beacon Developing World Income Fund | 2026-07-31 | 1 | $2.8M | $2.7M |
| Nuveen Emerging Markets Debt Fund | 2026-06-30 | 1 | $2.7M | $2.6M |
| College Retirement Equities Fund - Core Bond Account | 2026-06-30 | 1 | $2.5M | $2.4M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $2.2M | $2.1M |
| Emerging Markets Core Fund | 2026-07-31 | 1 | $1.9M | $1.8M |
| Fidelity Total Bond Fund | 2026-05-31 | 1 | $1.8M | $1.7M |
| Nuveen Global High Income Fund | 2026-06-30 | 1 | $1.4M | $1.4M |
| Nuveen Strategic Income Fund | 2026-05-31 | 1 | $1.4M | $1.3M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 1 | $1.2M | $1.2M |
ETFs holding Rwanda's bonds
From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.
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.