Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 7-Year Obligacion Auction climbed to 3.16% in April 2026
FMPMonthlyReleased May 2026
Spain 7-Year Obligacion Auction climbed to 3.16% in April 2026, released May 2026, up 0.06% from March's 3.11% reading.
Latest Release
3.164000
Actual
—
Consensus
3.107000
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 | ▼ Inverse | −0.77 | FOREX | Bearish EUR | → View |
| GBP/USD | ▼ Inverse | −0.62 | FOREX | Bearish GBP | → View |
| XAU/USD | ▼ Inverse | −0.39 | COMMODITIES | Bearish XAU | → View |
| USD/JPY | ▲ Direct | +0.39 | FOREX | Bullish USD | → 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 3.16% in May 2026. The reading rose from the previous value of 3.11%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 2.91%, ranging from 2.72% to 3.16% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.04%, up from the prior three at 2.91%. Volatility over the past year (σ 0.14%) is lower than the prior year (σ 0.17%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP).
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026. 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 2026.
SHARE
7-Year Obligacion Auction - ES
Loading chart data...
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 (May 2026): actual 3.164 %. Prior reading (Apr 2026): 3.107 %. Before that (Mar 2026): 3.079 %.
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 (Bearish EUR, r=-0.77) — a useful reference for forex-focused traders.