El Salvador government bonds
El Salvador'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 | 17 | 274 bp | 259 bp | 20.4% | -6 bp | 7.53% | $265.3M |
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.
El Salvador's USD curve
Yield to maturity of each USD bond US funds hold (16 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds El Salvador's debt
Fund series holding El Salvador's government and government-related bonds in their latest quarterly report: 177 now, 170 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 4 | $147.2M | $131.7M |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 2026-07-31 | 2 | $42.1M | $46.5M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 3 | $41.5M | $46.0M |
| Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $41.2M | $41.6M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 9 | $30.0M | $31.7M |
| Fidelity New Markets Income Fund | 2026-06-30 | 6 | $29.7M | $26.9M |
| JPMorgan Income Fund | 2026-05-31 | 5 | $25.4M | $26.7M |
| American Beacon Developing World Income Fund | 2026-07-31 | 3 | $21.2M | $23.8M |
| Artisan Global Unconstrained Fund | 2026-06-30 | 4 | $82.0M | $18.4M |
| Six Circles Credit Opportunities Fund | 2026-06-30 | 4 | $14.6M | $15.7M |
| GMO Emerging Country Debt Fund | 2026-05-31 | 1 | $16.7M | $15.2M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 10 | $23.8M | $15.1M |
| Strategic Advisers Fidelity Core Income Fund | 2026-05-31 | 6 | $16.1M | $14.4M |
| VANGUARD STAR CORE-PLUS BOND FUND | 2026-07-31 | 2 | $12.2M | $13.0M |
| THE HARTFORD BALANCED INCOME FUND | 2026-07-31 | 5 | $11.2M | $12.0M |
| Fidelity Series Emerging Markets Debt Fund | 2026-06-30 | 6 | $13.0M | $11.7M |
| JPMorgan Income ETF | 2026-05-31 | 5 | $9.9M | $10.8M |
| Fidelity Emerging Markets Debt Central Fund | 2026-06-30 | 6 | $12.8M | $10.4M |
| SIIT EMERGING MARKETS DEBT FUND | 2026-05-31 | 3 | $10.0M | $10.3M |
| JPMorgan Core Plus Bond Fund | 2026-05-31 | 1 | $8.7M | $9.8M |
ETFs holding El Salvador'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 | 2 | $46.5M | 0.32% |
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $41.6M | 3.01% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 9 | $31.7M | 0.47% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 5 | $10.8M | 0.12% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 8 | $7.7M | 0.02% |
| JCPB JPMorgan Core Plus Bond ETF | 2026-05-31 | 2 | $4.3M | 0.03% |
| EMHY iShares J.P. Morgan EM High Yield Bond ETF | 2026-07-31 | 2 | $3.2M | 0.51% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 5 | $2.4M | 0.01% |
| XEMD BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2026-07-31 | 1 | $2.1M | 0.25% |
| JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF | 2026-07-31 | 2 | $1.4M | 0.33% |
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 2 | $1.2M | 0.50% |
| VSDB VANGUARD SHORT DURATION BOND ETF | 2026-06-30 | 1 | $1.1M | 0.12% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 2 | $1.0M | 0.06% |
| VGMS VANGUARD MULTI-SECTOR INCOME BOND ETF | 2026-06-30 | 1 | $803K | 0.34% |
| EMHC State Street(R) SPDR(R) Bloomberg Emerging Markets USD Bond ETF | 2026-06-30 | 2 | $562K | 0.21% |
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.