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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 5-Year Bonos Auction climbed to 3.56% in August 2026
FMPMonthlyReleased September 2026
Spain 5-Year Bonos Auction climbed to 3.56% in August 2026, released September 2026, up 0.3% from July's 3.26% reading.
Latest Release
3.558000
Actual
—
Consensus
3.255000
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 |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.53 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.45 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.43 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
5-Year Bonos Auction (Spain) was reported at 3.48% in October 2026. The reading fell from the previous value of 3.56%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 2.86%, ranging from 2.44% to 3.56% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.27%, up from the prior three at 2.91%. Volatility over the past year (σ 0.33%) is higher than the prior year (σ 0.16%). In September readings over the past 3 years, 5-Year Bonos Auction has averaged 3.13%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (Oct 16) and Balance of Trade (Oct 20).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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5-Year Bonos Auction - ES
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About 5-Year Bonos Auction — Spain
DEFINITION
The 5-Year Bonos Auction is a financial indicator that measures the demand and interest rates for Spanish government bonds with a maturity of 5 years. This auction is conducted by the Spanish Treasury to raise funds for the government and provides insight into the country's economic stability and investor confidence. The results of the auction can impact the overall bond market and serve as an important indicator for investors 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 3.482 %. Prior reading (Sep 2026): 3.558 %. Before that (Sep 2026): 3.255 %.
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 GBP/USD (Bearish GBP, r=-0.53) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Wednesday, October 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | Inflation Rate MoM | 0.3 | 0.7 | 0.3 | 0.30 | Low |
| 07:00 | ES | Inflation Rate YoY | 4.9 | 4.3 | 4.9 | 4.90 | Low |
| 07:00 | ES | Core Inflation Rate YoY | 3.1 | 2.9 | 3.1 | 3.10 | Low |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0.6 | 0.7 | 0.6 | 0.60 | Low |
| 07:00 | ES | Harmonised Inflation Rate YoY | 5 | 4.6 | 5 | 5.00 | Low |