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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 7-Year Obligacion Auction climbed to 3.71% in September 2026
FMPMonthlyReleased October 2026
Spain 7-Year Obligacion Auction climbed to 3.71% in September 2026, released October 2026, up 0.52% from August's 3.19% reading.
Latest Release
3.713000
Actual
—
Consensus
3.188000
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.58 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| XAU/USD | ▲ Direct | +0.27 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
7-Year Obligacion Auction (Spain) was reported at 3.71% in October 2026. The reading rose from the previous value of 3.19%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 3.11%, ranging from 2.86% to 3.71% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 3.4%, up from the prior three at 3.12%. Volatility over the past year (σ 0.23%) is higher than the prior year (σ 0.13%). In October readings over the past 3 years, 7-Year Obligacion Auction has averaged 3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and Consumer Confidence (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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7-Year Obligacion Auction - ES
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About 7-Year Obligacion Auction — Spain
DEFINITION
The 7-Year Obligacion Auction is a financial indicator that measures the demand and interest rates for government-issued bonds with a maturity period of 7 years. This auction provides insight into the current state of the bond market and can be used by investors to make informed decisions about their bond investments. It is an important tool for assessing the overall economic climate and the confidence in the government's ability to repay its debts.
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 3.713 %. Prior reading (Aug 2026): 3.188 %. Before that (Jul 2026): 3.297 %.
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 EUR/USD (Bullish EUR, r=0.70) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:15 | ES | S&P Global Manufacturing PMI | 51 | 50.6 | 50.70 | Medium | |
| 11:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| 12:00 | ES | New Car Sales YoY | 10.2 | 13.5 | 16.20 | Low | |
| Tuesday, November 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | ES | Consumer Confidence | 84.1 | 83.4 | 83.40 | Medium | |
| Wednesday, November 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | ES | Employment Change | 23.587 | 25.3 | 45.20 | High | |
| 08:00 | ES | Tourist Arrivals YoY | 9.2 | 1.2 | -2.25 | Low | |
| 08:15 | ES | S&P Global Services PMI | 58.3 | 57.5 | 59.20 | Medium | |
| 08:15 | ES | S&P Global Composite PMI | 56.8 | 56 | 57.40 | Low | |