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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain 9-Month Letras Auction climbed to 2.96% in September 2026
FMPMonthlyReleased October 2026
Spain 9-Month Letras Auction climbed to 2.96% in September 2026, released October 2026, up 0.18% from August's 2.78% reading.
Latest Release
2.960000
Actual
—
Consensus
2.776000
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 |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.92 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.65 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.48 | CRYPTO | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.33 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
9-Month Letras Auction (Spain) was reported at 2.96% in October 2026. The reading rose from the previous value of 2.78%. Trailing 12-month context per ETL data through October 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.31%, up from the prior three at 1.96%. In October readings over the past 3 years, 9-Month Letras Auction has averaged 2.59%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for November 10, 2026. 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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9-Month Letras Auction - ES
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About 9-Month Letras Auction — Spain
DEFINITION
The 9-Month Letras Auction is a financial indicator that measures the demand for short-term government debt in Spain. It involves the auction of 9-month Treasury bills, known as Letras, to investors. The results of this auction provide insight into the current state of the Spanish economy and the confidence of investors in the country's financial stability. This indicator is closely monitored by economists and investors as it can impact interest rates and overall market sentiment.
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 2.96 %. Prior reading (Apr 2026): 2.461 %. Before that (Dec 2025): 1.999 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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 GBP/USD (Bullish GBP, r=0.92) — a useful reference for forex-focused traders.
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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 | |