Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 15-Year Index-Linked Obligacion Auction climbed to 1.39% in May 2024
FMPMonthlyReleased June 2024
Spain 15-Year Index-Linked Obligacion Auction climbed to 1.39% in May 2024, released June 2024, up 0.06% from April's 1.33% reading.
Latest Release
1.392000
Actual
—
Consensus
1.329000
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
15-Year Index-Linked Obligacion Auction (Spain) was reported at 1.39% in June 2024. The reading rose from the previous value of 1.33%.
WHY IT MATTERS
The trailing three releases averaged 1.37%, up from the prior three at 1.12%.
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) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update June 2024.
SHARE
15-Year Index-Linked Obligacion Auction - ES
Loading chart data...
About 15-Year Index-Linked Obligacion Auction — Spain
DEFINITION
The 15-Year Index-Linked Obligacion Auction is a financial indicator that measures the performance of long-term government bonds that are linked to inflation. These bonds are typically auctioned off by the government to investors, with a maturity period of 15 years. This indicator provides insight into the current market sentiment towards inflation and the government's borrowing costs, making it a valuable tool for investors and policymakers alike.
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 (Jun 2024): actual 1.392 %. Prior reading (Apr 2024): 1.329 %. Before that (Mar 2024): 1.381 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.