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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 6-Month Letras Auction climbed to 2.62% in August 2026
FMPMonthlyReleased September 2026
Spain 6-Month Letras Auction climbed to 2.62% in August 2026, released September 2026, up 0.13% from July's 2.5% reading.
Latest Release
2.623000
Actual
—
Consensus
2.496000
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.41 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.40 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
6-Month Letras Auction (Spain) was reported at 2.62% in September 2026. The reading rose from the previous value of 2.5%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 2.17%, ranging from 1.93% to 2.62% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.5%, up from the prior three at 2.14%. Volatility over the past year (σ 0.25%) is lower than the prior year (σ 0.35%). In September readings over the past 3 years, 6-Month Letras Auction has averaged 2.61%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for October 6, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Sep 29) and Inflation Rate YoY (Sep 29).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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6-Month Letras Auction - ES
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About 6-Month Letras Auction — Spain
DEFINITION
The 6-Month Letras Auction is a financial indicator that measures the demand for short-term government debt in a country. It involves the auctioning of 6-month Letras, which are fixed-income securities issued by the government. This indicator provides insight into the current market sentiment and investor confidence in the country's economy. A high demand for Letras in the auction indicates a strong economy, while a low demand may suggest economic uncertainty. Overall, the 6-Month Letras Auction is an important tool for monitoring the financial health of a nation.
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 (Sep 2026): actual 2.623 %. Prior reading (Aug 2026): 2.496 %. Before that (Jul 2026): 2.385 %.
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 S&P 500 (Bullish S&P 500, r=0.41) — a useful reference for index-focused traders.
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Economic Calendar - ES Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | Harmonised Inflation Rate MoM | 0.7 | 0 | 0.6 | 0.65 | Low |
| 07:00 | ES | Harmonised Inflation Rate YoY | 4.6 | 3.9 | 4.5 | 4.55 | Low |
| 07:00 | ES | Inflation Rate MoM | 0.7 | 0.3 | 0.7 | 0.70 | Low |
| 07:00 | ES | Core Inflation Rate YoY | 2.9 | 3 | 2.9 | 2.90 | Low |
| 07:00 | ES | Inflation Rate YoY | 4.3 | 3.6 | 4.3 | 4.30 | Low |