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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 24-Year Index-Linked Obligacion Auction held to 3.51 in September 2024
FMPMonthlyReleased October 2024
Spain 24-Year Index-Linked Obligacion Auction held to 3.51 in September 2024, released October 2024.
Latest Release
3.507000
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
24-Year Index-Linked Obligacion Auction (Spain) was reported at 3.51 in October 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 October 2024.
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24-Year Index-Linked Obligacion Auction - ES
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About 24-Year Index-Linked Obligacion Auction — Spain
DEFINITION
The 24-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 issued through a competitive auction process and have a maturity period of 24 years. This indicator provides valuable insights into the current state of the economy and inflation expectations, making it a key tool for investors and policymakers in assessing long-term market trends.
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 (Oct 2024): actual 3.507.
Σ
EXPECTED ZONE
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