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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 12-Year Obligacion Auction held to 3.19 in October 2024
FMPMonthlyReleased November 2024
Spain 12-Year Obligacion Auction held to 3.19 in October 2024, released November 2024.
Latest Release
3.187000
Actual
—
Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
12-Year Obligacion Auction (Spain) was reported at 3.19 in November 2024.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Aug 28) and Inflation Rate MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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12-Year Obligacion Auction - ES
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About 12-Year Obligacion Auction — Spain
DEFINITION
The 12-Year Obligacion Auction is a financial indicator that measures the demand for 12-year government bonds through an auction process. This indicator provides insight into the market's confidence in the government's ability to repay its debt and can also impact interest rates and overall economic stability. It is closely monitored by investors and financial institutions as a key indicator of the health of the bond market and the economy as a whole.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2024): actual 3.187.
Σ
EXPECTED ZONE
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Economic Calendar - ES Events
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | Producer Price Index YoY | 7 | 5.8 | 8.05 | Low | |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | ES | Retail Sales MoM | 0.3 | 0.5 | -0.10 | Low | |
| 07:00 | ES | Inflation Rate YoY | 3.6 | 4.2 | 4.20 | Medium | |
| 07:00 | ES | Inflation Rate MoM | 0.3 | 0.4 | 0.40 | Medium | |
| 07:00 | ES | Harmonised Inflation Rate YoY | 3.9 | 4.1 | 4.10 | Low | |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0 | 0.2 | 0.20 | Low | |
| 07:00 | ES | Retail Sales YoY | 0.5 | 0.9 | -0.55 | Low | |
| 07:00 | ES | Core Inflation Rate YoY | 3 | 3.1 | 3.10 | Low | |
| 07:00 | ES | CPI YoY | 3.6 | 4.2 | 4.20 | Medium | |
| 08:00 | ES | Current Account | 1.84 | 5.2 | 5.20 | Low | |