Singapore government bonds
Singapore'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 |
|---|---|---|---|---|---|---|---|---|
| SGD Own-currency bonds | own currency: yield only, no default number | 22 | — | — | — | — | 2.28% | $1.35B |
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.
Singapore's SGD curve
Yield to maturity of each SGD bond US funds hold (35 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Singapore's USD curve
Yield to maturity of each USD bond US funds hold (3 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Singapore's debt
Fund series holding Singapore's government and government-related bonds in their latest quarterly report: 44 now, 48 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND | 2026-07-31 | 31 | $965.3M | $767.4M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 33 | $791.6M | $630.8M |
| Fidelity Series International Developed Markets Bond Index Fund | 2026-06-30 | 19 | $602.9M | $488.8M |
| T. Rowe Price International Bond Fund (USD Hedged) | 2026-06-30 | 4 | $342.7M | $272.0M |
| BlackRock Strategic Income Opportunities Portfolio | 2026-06-30 | 2 | $120.6M | $95.0M |
| iShares Core International Aggregate Bond ETF | 2026-07-31 | 23 | $52.7M | $42.2M |
| iShares International Treasury Bond ETF | 2026-07-31 | 21 | $51.9M | $41.5M |
| ABRDN ASIA-PACIFIC INCOME FUND, INC. | 2026-07-31 | 7 | $44.2M | $36.3M |
| T. Rowe Price Dynamic Global Bond Fund | 2026-06-30 | 1 | $42.5M | $33.5M |
| Nuveen International Aggregate Bond ETF | 2026-06-30 | 21 | $41.1M | $33.3M |
| T. Rowe Price International Bond Fund | 2026-06-30 | 4 | $34.1M | $27.0M |
| iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 4 | $30.6M | $24.4M |
| DoubleLine Emerging Markets Local Currency Bond Fund | 2026-06-30 | 2 | $30.0M | $24.3M |
| Six Circles Global Bond Fund | 2026-06-30 | 11 | $25.6M | $20.9M |
| Fidelity Advisor Strategic Income Fund | 2026-06-30 | 1 | $20.0M | $16.4M |
| State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 21 | $16.7M | $13.7M |
| iShares Global Government Bond USD Hedged Active ETF | 2026-07-31 | 11 | $10.0M | $8.0M |
| Fidelity International Bond Index Fund | 2026-06-30 | 12 | $8.8M | $7.2M |
| Loomis Sayles Global Allocation Fund | 2026-06-30 | 1 | $8.3M | $6.8M |
| Nuveen International Bond Fund | 2026-06-30 | 2 | $6.6M | $5.4M |
ETFs holding Singapore'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 |
|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 33 | $630.8M | 0.51% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 23 | $42.2M | 0.38% |
| IGOV iShares International Treasury Bond ETF | 2026-07-31 | 21 | $41.5M | 2.72% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 21 | $33.3M | 0.86% |
| ISHG iShares 1-3 Year International Treasury Bond ETF | 2026-07-31 | 4 | $24.4M | 2.95% |
| BWX State Street(R) SPDR(R) Bloomberg International Treasury Bond ETF | 2026-06-30 | 21 | $13.7M | 1.02% |
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 3 | $4.1M | 1.65% |
| BWZ State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF | 2026-06-30 | 4 | $3.1M | 1.04% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 3 | $1.4M | 0.00% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 2 | $398K | 0.01% |
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.