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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 6-Year Obligacion Auction climbed to 2.89% in June 2024
FMPMonthlyReleased July 2024
Spain 6-Year Obligacion Auction climbed to 2.89% in June 2024, released July 2024, up 0.06% from May's 2.83% reading.
Latest Release
2.888000
Actual
—
Consensus
2.831000
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
6-Year Obligacion Auction (Spain) was reported at 2.89% in July 2024. The reading rose from the previous value of 2.83%.
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 2024.
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6-Year Obligacion Auction - ES
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About 6-Year Obligacion Auction — Spain
DEFINITION
The 6-Year Obligacion Auction is a financial indicator that measures the demand for government-issued bonds with a maturity of six years. This auction provides insight into the current market sentiment and investor confidence in the government's ability to repay its debt obligations. It is closely monitored by financial analysts and investors as it can impact interest rates and overall market stability.
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 2024): actual 2.888 %. Prior reading (Dec 2023): 2.831 %. Before that (Aug 2023): 3.295 %.
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.
Σ
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 | |