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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Bonos Auction climbed to 3.85% in April 2025
FMPMonthlyReleased May 2025
Spain Bonos Auction climbed to 3.85% in April 2025, released May 2025, up 0.4% from March's 3.44% reading.
Latest Release
3.847000
Actual
—
Consensus
3.442000
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
Bonos Auction (Spain) was reported at 3.85% in May 2025. The reading rose from the previous value of 3.44%.
WHY IT MATTERS
The trailing three releases averaged 3.34%, up from the prior three at 3.19%.
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 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 2025.
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Bonos Auction - ES
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About Bonos Auction — Spain
DEFINITION
The Bonos Auction is a financial indicator that measures the demand and pricing of government bonds in a specific market. It is a key tool for investors and analysts to assess the strength of a country's economy and its ability to raise funds through bond issuance. The auction process involves competitive bidding from investors, with the final price determined by the highest bidder. This indicator provides valuable insights into the overall sentiment and confidence in a country's financial stability and can impact interest rates and currency values.
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 2025): actual 3.847 %. Prior reading (Apr 2025): 2.462 %. Before that (Jan 2025): 3.71 %.
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.
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 | -4.4 | -2.5 | -2.50 | 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 | |