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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 5-Year Index-Linked Obligacion Auction climbed to 1.09% in June 2023
FMPMonthlyReleased July 2023
Spain 5-Year Index-Linked Obligacion Auction climbed to 1.09% in June 2023, released July 2023, up 0.44% from May's 0.65% reading.
Latest Release
1.092000
Actual
—
Consensus
0.652000
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
5-Year Index-Linked Obligacion Auction (Spain) was reported at 1.09% in July 2023. The reading rose from the previous value of 0.65%.
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 Gross Domestic Product QoQ (Jun 25) and Inflation Rate YoY (Jun 29).
Auto-generated from current model state · Refreshes on each release · Last update July 2023.
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5-Year Index-Linked Obligacion Auction - ES
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About 5-Year Index-Linked Obligacion Auction — Spain
DEFINITION
The 5-Year Index-Linked Obligacion Auction is a financial indicator that measures the demand and pricing for government-issued bonds with a maturity of 5 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 public projects while also providing investors with a stable and secure investment option. This indicator is closely monitored by financial analysts and investors as it reflects the overall economic conditions and inflation expectations.
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 2023): actual 1.092 %. Prior reading (May 2023): 0.652 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Tuesday, June 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ES | Balance of Trade | -5.2 | -4.4 | -2.5 | -3.85 | Medium |
| Thursday, June 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | ES | Producer Price Index YoY | 8.3 | 8.1 | 6.05 | Low | |
| 07:00 | ES | GDP Growth Rate YoY | 2.7 | 2.7 | 2.75 | Low | |
| 07:00 | ES | GDP Growth Rate QoQ | 0.8 | 0.6 | 0.60 | Low | |
| 07:00 | ES | Gross Domestic Product QoQ | 0.6 | 0.6 | 0.60 | Medium | |
| 07:00 | ES | Gross Domestic Product YoY | 2.7 | 2.7 | 2.75 | Low | |