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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 18-Year Obligacion Auction fell to 3.75% in April 2023
FMPMonthlyReleased May 2023
Spain 18-Year Obligacion Auction fell to 3.75% in April 2023, released May 2023, down 0.15% from March's 3.9% reading.
Latest Release
3.751000
Actual
—
Consensus
3.902000
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
18-Year Obligacion Auction (Spain) was reported at 3.75% in May 2023. The reading fell from the previous value of 3.9%.
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 May 2023.
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18-Year Obligacion Auction - ES
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About 18-Year Obligacion Auction — Spain
DEFINITION
The 18-Year Obligacion Auction is a financial indicator that measures the demand and interest rates for government-issued bonds with a maturity period of 18 years. This auction provides insight into the current market sentiment and investor confidence in long-term government debt, which can impact the overall economy. It is closely monitored by financial institutions and investors as it can serve as a benchmark for interest rates and the overall health of the bond market.
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 (May 2023): actual 3.751 %.
Σ
EXPECTED ZONE
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