Saudi Arabia government bonds
Saudi Arabia'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 | 59 | 84 bp | 89 bp | 6.8% | +15 bp | 5.30% | $1.55B |
| EUR Euro bonds of non-euro countries | vs German Bunds | 7 | 96 bp | 96 bp | 7.6% | -1 bp | 4.21% | $90.6M |
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.
EUR spread history
Median spread vs German Bunds, month-ends with complete filings. Fund-reported.
Saudi Arabia'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.
Saudi Arabia's USD curve
Yield to maturity of each USD bond US funds hold (59 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Saudi Arabia's debt
Fund series holding Saudi Arabia's government and government-related bonds in their latest quarterly report: 323 now, 336 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 28 | $571.6M | $515.4M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 32 | $463.8M | $419.9M |
| PIMCO Total Return Fund | 2026-06-30 | 9 | $236.0M | $242.0M |
| PIMCO International Bond Fund (U.S. Dollar-Hedged) | 2026-06-30 | 8 | $221.3M | $224.3M |
| PIMCO Long Duration Credit Bond Portfolio | 2026-06-30 | 11 | $232.4M | $212.6M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 2 | $176.7M | $169.7M |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND | 2026-06-30 | 2 | $154.3M | $155.2M |
| PIMCO Investment Grade Credit Bond Fund | 2026-06-30 | 6 | $127.1M | $122.8M |
| Emerging Markets Debt Fund | 2026-05-31 | 10 | $121.4M | $108.5M |
| iShares Core Universal USD Bond ETF | 2026-07-31 | 30 | $110.9M | $100.4M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 5 | $111.2M | $93.5M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 5 | $91.7M | $79.4M |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $76.6M | $77.1M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 5 | $74.4M | $75.5M |
| American Funds Emerging Markets Bond Fund | 2026-06-30 | 13 | $77.4M | $75.1M |
| PIMCO Emerging Markets Bond Fund | 2026-06-30 | 6 | $68.3M | $58.5M |
| PIMCO Short-Term Fund | 2026-06-30 | 2 | $53.0M | $55.7M |
| VANGUARD WELLINGTON FUND | 2026-05-31 | 1 | $55.4M | $54.7M |
| New World Fund Inc | 2026-07-31 | 2 | $56.2M | $52.4M |
| American Funds Multi-Sector Income Fund | 2026-06-30 | 5 | $52.9M | $50.8M |
ETFs holding Saudi Arabia'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 |
|---|---|---|---|---|
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 28 | $515.4M | 3.53% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 32 | $419.9M | 6.29% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 30 | $100.4M | 0.23% |
| MINT PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 2026-06-30 | 1 | $77.1M | 0.47% |
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $38.1M | 2.75% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 16 | $25.2M | 2.98% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 3 | $20.7M | 0.02% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $12.7M | 0.14% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 12 | $12.6M | 2.92% |
| LDUR PIMCO Enhanced Low Duration Active Exchange-Traded Fund | 2026-06-30 | 1 | $11.6M | 0.85% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 10 | $10.5M | 0.20% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 9 | $10.4M | 0.04% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 22 | $8.7M | 3.19% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 1 | $5.9M | 0.08% |
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 1 | $4.8M | 1.93% |
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.