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Bonds · Sovereign

Sweden government bonds

Sweden'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

BondsMeasured againstCountSpread10-year spreadPriced-in 5y odds1-month changeMedian yieldHeld by US funds
SEK Own-currency bonds own currency: yield only, no default number17 — —— —2.72% $681.5M
EUR Euro bonds of non-euro countries vs German Bunds2 n/a —— —— $209.7M

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.

Sweden's EUR curve

Yield to maturity of each EUR bond US funds hold (10 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

2.85%3.02%3.19%0y2y4yKOMMUNINVEST I SVERIGE 3.13 2027-12-08: 2.85%Svensk Exportkredit AB 2.75 2028-02-23: 3.05%Sweden Government International Bond 2.0 2028-06-26: 2.92%KOMMUNINVEST I SVERIGE 2.5 2028-10-04: 3.00%Sweden Government International Bond 2.75 2029-06-18: 2.97%Kommuninvest I Sverige AB 2.375 2029-07-03: 3.04%KOMMUNINVEST I SVERIGE 0.88 2029-09-01: 3.01%KOMMUNINVEST I SVERIGE 3.0 2030-02-20: 3.08%SWEDISH EXPORT CREDIT 3.375 2030-08-30: 3.19%

Sweden's SEK curve

Yield to maturity of each SEK bond US funds hold (26 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

1.92%2.52%3.12%0y6y13yKommuninvest I Sverige AB 1.0 2026-11-12: 2.00%Sweden Government Bond 1.0 2026-11-12: 1.92%SWEDISH GOVERNMENT 1.0 2026-11-12: 1.92%KOMMUNINVEST I SVERIGE 0.5 2027-06-15: 2.37%KOMMUNINVEST I SVERIGE 0.75 2028-05-12: 2.65%SWEDISH GOVERNMENT 0.75 2028-05-12: 2.45%Sweden Government Bond 0.75 2028-05-12: 2.45%Kommuninvest I Sverige AB 3.0 2029-03-12: 2.79%Kommuninvest I Sverige AB 0.875 2029-05-16: 2.88%Kommuninvest I Sverige AB 3.25 2029-11-12: 2.90%SWEDISH GOVERNMENT 0.75 2029-11-12: 2.56%Sweden Government Bond 0.75 2029-11-12: 2.57%Kommuninvest I Sverige AB 3.25 2030-06-12: 2.98%KINGDOM OF SWEDEN 0.13 2030-09-09: 2.56%Kommuninvest I Sverige AB 2.75 2030-11-12: 3.02%Kommuninvest I Sverige AB 2.65 2031-05-12: 3.06%SWEDISH GOVERNMENT 0.125 2031-05-12: 2.68%SWEDISH GOVERNMENT 0.125 2031-05-12: 2.67%Kommuninvest I Sverige AB 2.875 2031-12-10: 3.12%Sweden Government Bond 2.25 2032-06-01: 2.76%SWEDISH GOVERNMENT 1.75 2033-11-11: 2.85%Sweden Government Bonds 2.25 2035-05-11: 2.94%Sweden Government Bonds 2.5 2036-10-15: 3.04%SWEDISH GOVERNMENT 2.75 2037-02-09: 3.04%SWEDISH GOVERNMENT 3.5 2039-03-30: 3.09%

Sweden's USD curve

Yield to maturity of each USD bond US funds hold (13 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.

4.18%4.30%4.42%0y2y4yKOMMUNINVEST I SVERIGE 4.125 2027-04-21: 4.18%KOMMUNINVEST I SVERIGE 3.5 2027-08-25: 4.31%Svensk Exportkredit AB 3.75 2027-09-13: 4.29%KOMMUNINVEST I SVERIGE 4.38 2028-02-09: 4.35%KOMMUNINVEST I SVERIGE 4.13 2028-03-15: 4.35%Svensk Exportkredit AB 3.75 2028-05-08: 4.33%SWEDISH EXPORT CREDIT 4.13 2028-06-14: 4.36%Kommuninvest I Sverige AB 4.625 2028-09-29: 4.34%Kommuninvest I Sverige AB 4.0 2028-11-29: 4.35%SWEDISH EXPORT CREDIT 4.25 2029-02-01: 4.39%Svensk Exportkredit AB 3.625 2029-03-12: 4.38%Svensk Exportkredit AB 3.75 2030-07-29: 4.42%

Who holds Sweden's debt

Fund series holding Sweden's government and government-related bonds in their latest quarterly report: 131 now, 130 a quarter earlier. Names as reported in the filings.

Fund seriesReportBondsFace valueValue
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND2026-07-31 19$4.95B$630.4M
VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND2026-07-31 18$4.01B$536.3M
The Hartford World Bond Fund2026-07-31 6$2.71B$281.0M
Fidelity Series International Developed Markets Bond Index Fund2026-06-30 10$2.49B$244.3M
VANGUARD TOTAL BOND MARKET INDEX FUND2026-06-30 8$129.7M$129.4M
PIMCO Short-Term Floating NAV Portfolio III2026-06-30 1$125.2M$126.1M
VANGUARD TOTAL BOND MARKET II INDEX FUND2026-06-30 8$119.6M$119.3M
iShares Floating Rate Bond ETF2026-07-31 3$80.9M$81.1M
DFA FIVE-YEAR GLOBAL FIXED INCOME PORTFOLIO2026-07-31 2$483.4M$64.5M
T. Rowe Price International Bond Fund (USD Hedged)2026-06-30 1$601.9M$61.2M
VANGUARD SHORT-TERM BOND INDEX FUND2026-06-30 8$59.6M$59.5M
iShares Core International Aggregate Bond ETF2026-07-31 20$438.2M$51.1M
PIMCO Short-Term Floating NAV Portfolio II2026-06-30 1$42.6M$42.9M
DFA Short-Term Extended Quality Portfolio2026-07-31 2$34.4M$34.3M
Six Circles Global Bond Fund2026-06-30 15$297.7M$31.2M
Lord Abbett Investment Grade Floating Rate Fund2026-07-31 1$29.8M$29.8M
Dodge & Cox Global Bond Fund2026-06-30 1$251.9M$26.5M
Franklin International Aggregate Bond ETF2026-06-30 1$250.0M$25.1M
State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF2026-06-30 3$25.0M$25.1M
Fidelity U.S. Bond Index Fund2026-05-31 1$22.4M$22.1M

ETFs holding Sweden's bonds

From each ETF's own latest N-PORT report, as a share of its net assets. A holdings list, not a recommendation.

ETFReportBondsValue% of net assets
BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND 2026-07-3118$536.3M 0.44%
BND VANGUARD TOTAL BOND MARKET INDEX FUND 2026-06-308$129.4M 0.03%
FLOT iShares Floating Rate Bond ETF 2026-07-313$81.1M 0.79%
BSV VANGUARD SHORT-TERM BOND INDEX FUND 2026-06-308$59.5M 0.09%
IAGG iShares Core International Aggregate Bond ETF 2026-07-3120$51.1M 0.46%
FLIA Franklin International Aggregate Bond ETF 2026-06-301$25.1M 3.28%
FLRN State Street(R) SPDR(R) Bloomberg Investment Grade Floating Rate ETF 2026-06-303$25.1M 0.84%
IGOV iShares International Treasury Bond ETF 2026-07-318$21.4M 1.40%
WIP State Street(R) SPDR(R) FTSE International Government Inflation-Protected Bond ETF 2026-06-305$18.1M 3.53%
NXUS Nuveen International Aggregate Bond ETF 2026-06-3019$17.4M 0.45%
AGG iShares Core U.S. Aggregate Bond ETF 2026-05-318$14.1M 0.01%
ISHG iShares 1-3 Year International Treasury Bond ETF 2026-07-311$10.7M 1.30%
IUSB iShares Core Universal USD Bond ETF 2026-07-3110$7.4M 0.02%
BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF 2026-06-3012$6.9M 0.52%
PICB Invesco International Corporate Bond ETF 2026-07-315$3.9M 1.09%

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.

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms