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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 4-Year Index-Linked Obligacion Auction fell to 0.83% in December 2023
FMPMonthlyReleased January 2024
Spain 4-Year Index-Linked Obligacion Auction fell to 0.83% in December 2023, released January 2024, down 0.05% from November's 0.88% reading.
Latest Release
0.830000
Actual
—
Consensus
0.879000
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
4-Year Index-Linked Obligacion Auction (Spain) was reported at 0.83% in January 2024. The reading fell from the previous value of 0.88%.
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 January 2024.
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4-Year Index-Linked Obligacion Auction - ES
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About 4-Year Index-Linked Obligacion Auction — Spain
DEFINITION
The 4-Year Index-Linked Obligacion Auction is a financial indicator used to measure the demand for government-issued bonds with a maturity period of four years. These bonds are linked to an inflation index, providing investors with protection against rising prices. The auction process allows the government to raise funds for various projects and initiatives while providing investors with a secure and potentially profitable investment opportunity. This indicator is closely monitored by financial analysts and investors as it reflects the overall market sentiment and economic outlook.
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 (Jan 2024): actual 0.83 %. Prior reading (Aug 2023): 0.879 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary tailwind in the projection.