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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 5-Year Obligacion Auction fell to 2.92% in April 2023
FMPMonthlyReleased May 2023
Spain 5-Year Obligacion Auction fell to 2.92% in April 2023, released May 2023, down 0.06% from March's 2.98% reading.
Latest Release
2.920000
Actual
—
Consensus
2.980000
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 Obligacion Auction (Spain) was reported at 2.92% in May 2023. The reading fell from the previous value of 2.98%.
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 May 2023.
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5-Year Obligacion Auction - ES
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About 5-Year Obligacion Auction — Spain
DEFINITION
The 5-Year Obligacion Auction is a financial indicator that measures the demand for government-issued bonds with a maturity of five years. This auction provides insight into the current market sentiment and investor confidence in the government's ability to repay its debt. It is closely monitored by financial analysts and investors as it can impact interest rates and overall market stability. The results of the auction can also serve as an indicator of the country's economic health and fiscal policies.
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 (May 2023): actual 2.92 %. Prior reading (Mar 2023): 2.98 %.
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.