Uzbekistan government bonds
Uzbekistan'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 |
|---|---|---|---|---|---|---|---|---|
| UZS Other foreign-currency bonds | own currency: yield only, no default number | 7 | — | — | — | — | 10.98% | $388.8M |
| USD Emerging markets, US-dollar bonds | vs US Treasuries | 14 | 134 bp | — | 10.6% | +11 bp | 5.68% | $195.9M |
| EUR Euro bonds of non-euro countries | vs German Bunds | 4 | n/a | — | — | — | 4.50% | $98.7M |
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.
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.
Uzbekistan's EUR curve
Yield to maturity of each EUR bond US funds hold (4 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Uzbekistan's USD curve
Yield to maturity of each USD bond US funds hold (20 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Uzbekistan's UZS curve
Yield to maturity of each UZS bond US funds hold (7 bonds, government and government-related issuers, index-linked excluded), Jul 2026 fund marks. Hover a point for the bond.
Who holds Uzbekistan's debt
Fund series holding Uzbekistan's government and government-related bonds in their latest quarterly report: 211 now, 206 a quarter earlier. Names as reported in the filings.
| Fund series | Report | Bonds | Face value | Value |
|---|---|---|---|---|
| Global Macro Absolute Return Advantage Portfolio | 2026-07-31 | 4 | $1.74T | $150.9M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND | 2026-07-31 | 4 | $101.4M | $114.9M |
| Eaton Vance Emerging Markets Debt Opportunities Fund | 2026-07-31 | 4 | $1.21T | $104.1M |
| VANGUARD EMERGING MARKETS BOND FUND | 2026-06-30 | 4 | $78.78B | $92.5M |
| MFS Emerging Markets Debt Fund | 2026-07-31 | 6 | $81.0M | $80.1M |
| Global Macro Portfolio | 2026-07-31 | 5 | $892.03B | $76.8M |
| VANGUARD CORE BOND FUND | 2026-06-30 | 3 | $46.7M | $54.0M |
| American Beacon Developing World Income Fund | 2026-07-31 | 6 | $539.62B | $46.7M |
| T. Rowe Price Emerging Markets Bond Fund | 2026-06-30 | 7 | $2.54B | $45.4M |
| Emerging Markets Local Income Portfolio | 2026-07-31 | 3 | $508.04B | $43.7M |
| Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $39.8M | $40.1M |
| Loomis Sayles Strategic Income Fund | 2026-06-30 | 7 | $42.99B | $36.0M |
| Bridge Builder Core Plus Bond Fund | 2026-06-30 | 6 | $52.16B | $34.8M |
| Loomis Sayles Income Fund | 2026-06-30 | 7 | $40.35B | $33.5M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | 1 | $26.7M | $28.6M |
| TCW Emerging Markets Income Fund | 2026-07-31 | 3 | $19.9M | $18.9M |
| Thornburg Strategic Income Fund | 2026-06-30 | 3 | $203.00B | $17.8M |
| VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 8 | $17.2M | $17.1M |
| Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. | 2026-07-31 | 3 | $191.07B | $16.5M |
| VANGUARD CORE BOND ETF | 2026-06-30 | 3 | $14.2M | $16.5M |
ETFs holding Uzbekistan'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 |
|---|---|---|---|---|
| PCY Invesco Emerging Markets Sovereign Debt ETF | 2026-07-31 | 3 | $40.1M | 2.90% |
| VWOB VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND | 2026-07-31 | 8 | $17.1M | 0.26% |
| VCRB VANGUARD CORE BOND ETF | 2026-06-30 | 3 | $16.5M | 0.23% |
| VPLS VANGUARD CORE-PLUS BOND ETF | 2026-06-30 | 2 | $5.2M | 0.31% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 6 | $4.7M | 0.01% |
| JPIB JPMorgan International Bond Opportunities ETF | 2026-05-31 | 1 | $3.6M | 0.18% |
| VSDB VANGUARD SHORT DURATION BOND ETF | 2026-06-30 | 1 | $2.8M | 0.31% |
| HYEM VanEck Emerging Markets High Yield Bond ETF | 2026-07-31 | 3 | $2.4M | 0.45% |
| JPIE JPMorgan Income ETF | 2026-05-31 | 1 | $1.8M | 0.02% |
| GTO Invesco Total Return Bond ETF | 2026-07-31 | 1 | $1.2M | 0.05% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 3 | $794K | 0.02% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 2 | $727K | 0.00% |
| EMBX VanEck Emerging Markets Bond ETF | 2026-06-30 | 1 | $485K | 0.20% |
| TCPB Thrivent Core Plus Bond ETF | 2026-06-30 | 1 | $321K | 0.07% |
| PGHY Invesco Global ex-US High Yield Corporate Bond ETF | 2026-07-31 | 1 | $298K | 0.13% |
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.