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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 20-Year Obligacion Auction fell to 3.57% in July 2024
FMPMonthlyReleased August 2024
Spain 20-Year Obligacion Auction fell to 3.57% in July 2024, released August 2024, down 0.08% from June's 3.65% reading.
Latest Release
3.566000
Actual
—
Consensus
3.650000
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
20-Year Obligacion Auction (Spain) was reported at 3.57% in August 2024. The reading fell from the previous value of 3.65%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.78%, up from the prior three at 3.04%.
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 August 2024.
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20-Year Obligacion Auction - ES
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About 20-Year Obligacion Auction — Spain
DEFINITION
The 20-Year Obligacion Auction is a financial indicator that measures the demand for long-term government debt securities. It involves the sale of 20-year bonds by the government to investors, with the interest rate determined through a competitive bidding process. This indicator provides insight into the current market sentiment and the government's ability to raise funds for long-term projects. It is closely monitored by investors and analysts as it can impact interest rates and overall economic stability.
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 (Aug 2024): actual 3.566 %. Prior reading (Mar 2024): 3.65 %. Before that (Nov 2023): 4.132 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.