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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 3-Year Bonos Auction climbed to 2.87% in June 2026
FMPMonthlyReleased July 2026
Spain 3-Year Bonos Auction climbed to 2.87% in June 2026, released July 2026, up 0.1% from May's 2.77% reading.
Latest Release
2.867000
Actual
—
Consensus
2.772000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.55 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
| GBP/USD | ▲ Direct | +0.42 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
3-Year Bonos Auction (Spain) was reported at 2.87% in July 2026. The reading rose from the previous value of 2.77%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 2.4%, ranging from 2.17% to 2.87% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.68%, up from the prior three at 2.32%. Volatility over the past year (σ 0.24%) is higher than the prior year (σ 0.19%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and Employment Change (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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3-Year Bonos Auction - ES
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About 3-Year Bonos Auction — Spain
DEFINITION
The 3-Year Bonos Auction is a financial indicator that measures the demand and interest rates for short-term government bonds in Spain. It is conducted by the Spanish Treasury every three years and provides valuable insights into the country's economic stability and investor confidence. The results of this auction can impact the overall borrowing costs for the government and serve as an important benchmark for the financial 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 (Jul 2026): actual 2.867 %. Prior reading (Jun 2026): 2.772 %. Before that (May 2026): 2.675 %.
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 USD/JPY (Bearish USD, r=-0.55) — a useful reference for forex-focused traders.
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Economic Calendar - ES Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | CPI MoM | 0.2 | 0.6 | 0.2 | 0.20 | Low |
| 07:00 | ES | HICP YoY | 3.8 | 3.6 | 3.7 | 3.75 | Medium |
| 07:00 | ES | CPI YoY | 3.5 | 3.2 | 3.2 | 3.35 | Medium |
| 07:00 | ES | HICP MoM | -0.1 | 0.6 | -0.2 | -0.15 | Low |
| 07:00 | ES | Core Inflation Rate YoY | 3 | 2.9 | 2.9 | 2.95 | Low |
| 07:00 | ES | Gross Domestic Product YoY | 2.7 | 2.7 | 2.5 | 2.60 | Low |
| 07:00 | ES | Inflation Rate YoY | 3.5 | 3.2 | 3.4 | 3.45 | Medium |
| 07:00 | ES | GDP Growth Rate QoQ | 0.7 | 0.6 | 0.6 | 0.65 | High |
| 07:00 | ES | Harmonised Inflation Rate MoM | -0.1 | 0.6 | -0.2 | -0.15 | Low |
| 07:00 | ES | Harmonised Inflation Rate YoY | 3.8 | 3.6 | 3.7 | 3.75 | Low |
| 07:00 | ES | GDP Growth Rate YoY | 2.7 | 2.7 | 2.5 | 2.60 | High |
| 07:00 | ES | Gross Domestic Product QoQ | 0.7 | 0.6 | 0.6 | 0.65 | Medium |
| 07:00 | ES | Inflation Rate MoM | 0.2 | 0.6 | 0.2 | 0.20 | Medium |
| 11:00 | ES | Business Confidence | -2.6 | -2.4 | -2.7 | -2.65 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | ES | Current Account | 1.84 | 1.88 | 4.5 | 3.17 | Low |