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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 3-Month Letras Auction climbed to 2.64% in September 2026
FMPMonthlyReleased October 2026
Spain 3-Month Letras Auction climbed to 2.64% in September 2026, released October 2026, up 0.18% from August's 2.46% reading.
Latest Release
2.635000
Actual
—
Consensus
2.456000
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).
THE RELEASE
3-Month Letras Auction (Spain) was reported at 2.64% in October 2026. The reading rose from the previous value of 2.46%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 2.18%, ranging from 1.91% to 2.64% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.49%, up from the prior three at 2.25%. Volatility over the past year (σ 0.24%) is lower than the prior year (σ 0.3%). In October readings over the past 3 years, 3-Month Letras Auction has averaged 2.54%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for November 10, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and Consumer Confidence (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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3-Month Letras Auction - ES
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About 3-Month Letras Auction — Spain
DEFINITION
The 3-Month Letras Auction is a financial indicator that measures the demand for short-term government debt securities in a specific country. This auction allows investors to purchase 3-month Letras, which are fixed-income securities issued by the government, at a competitive interest rate. The results of this auction provide valuable insights into the current economic climate and investor sentiment, making it a key indicator for financial analysts and policymakers.
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 2026): actual 2.635 %. Prior reading (Sep 2026): 2.456 %. Before that (Aug 2026): 2.387 %.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.74) — a useful reference for crypto-focused traders.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:15 | ES | S&P Global Manufacturing PMI | 51 | 50.6 | 50.70 | Medium | |
| 11:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| 12:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | ES | Consumer Confidence | 84.1 | 83.4 | 83.40 | Medium | |
| Wednesday, November 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | ES | Employment Change | 23.587 | 25.3 | 45.20 | High | |
| 08:00 | ES | Tourist Arrivals YoY | 9.2 | 1.2 | -2.25 | Low | |
| 08:15 | ES | S&P Global Services PMI | 58.3 | 57.5 | 59.20 | Medium | |
| 08:15 | ES | S&P Global Composite PMI | 56.8 | 56 | 57.40 | Low | |