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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 13-Year Obligacion Auction held to 3.39 in June 2024
FMPMonthlyReleased July 2024
Spain 13-Year Obligacion Auction held to 3.39 in June 2024, released July 2024.
Latest Release
3.394000
Actual
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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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Bullish EU | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
13-Year Obligacion Auction (Spain) was reported at 3.39 in July 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 Balance of Trade (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update July 2024.
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13-Year Obligacion Auction - ES
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About 13-Year Obligacion Auction — Spain
DEFINITION
The 13-Year Obligacion Auction is a financial indicator that measures the demand for long-term government debt securities with a maturity of 13 years. This auction provides valuable insight into the market's confidence in the government's ability to repay its debt and can impact interest rates and overall market sentiment. It is closely monitored by investors and analysts as a key indicator of the economy's health and the government's fiscal management.
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 (Jul 2024): actual 3.394.
Σ
EXPECTED ZONE
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