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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 8-Year Obligacion Auction fell to 2.9% in May 2025
FMPMonthlyReleased June 2025
Spain 8-Year Obligacion Auction fell to 2.9% in May 2025, released June 2025, down 0.16% from April's 3.06% reading.
Latest Release
2.904000
Actual
—
Consensus
3.062000
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 | +0.40 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
8-Year Obligacion Auction (Spain) was reported at 2.9% in June 2025. The reading fell from the previous value of 3.06%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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 Inflation Rate YoY (Aug 28) and Inflation Rate MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update June 2025.
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8-Year Obligacion Auction - ES
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About 8-Year Obligacion Auction — Spain
DEFINITION
The 8-Year Obligacion Auction is a financial indicator that measures the demand for government-issued bonds with an 8-year maturity period. This auction provides insight into the current market sentiment towards long-term debt and can be used to assess the government's ability to raise funds through bond issuance. It is closely monitored by investors and analysts 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 (Jun 2025): actual 2.904 %. Prior reading (Feb 2025): 3.062 %. Before that (May 2024): 3.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - ES Events
| Tuesday, August 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | Producer Price Index YoY | 7 | 5.8 | 8.05 | Low | |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | ES | Retail Sales MoM | 0.3 | 0.5 | -0.10 | Low | |
| 07:00 | ES | Inflation Rate YoY | 3.6 | 4.2 | 4.20 | Medium | |
| 07:00 | ES | Inflation Rate MoM | 0.3 | 0.4 | 0.40 | Medium | |
| 07:00 | ES | Harmonised Inflation Rate YoY | 3.9 | 4.1 | 4.10 | Low | |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0 | 0.2 | 0.20 | Low | |
| 07:00 | ES | Retail Sales YoY | 0.5 | 0.9 | -0.55 | Low | |
| 07:00 | ES | Core Inflation Rate YoY | 3 | 3.1 | 3.10 | Low | |
| 07:00 | ES | CPI YoY | 3.6 | 4.2 | 4.20 | Medium | |
| 08:00 | ES | Current Account | 1.84 | 5.2 | 5.20 | Low | |