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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Obligacion Auction held to 4.02 in December 2025
FMPMonthlyReleased January 2026
Spain Obligacion Auction held to 4.02 in December 2025, released January 2026.
Latest Release
4.024000
Actual
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Consensus
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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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.47 | FOREX | Bearish USD | → View |
| BTC/USD | ▼ Inverse | −0.42 | CRYPTO | Bearish BTC | → View |
| EUR/USD | ▲ Direct | +0.37 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Obligacion Auction (Spain) was reported at 4.02 in January 2026. Trailing 12-month context per ETL data through January 2026. Over the past 12 months, the indicator has averaged 2.82, ranging from 1.46 to 4.02 across 8 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 2.33, down from the prior three at 2.89. Volatility over the past year (σ 1.08) is comparable than the prior year (σ 1.06). In January readings over the past 3 years, Obligacion Auction has averaged 2.97.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
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 January 2026.
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Obligacion Auction - ES
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About Obligacion Auction — Spain
DEFINITION
An obligation auction is a financial indicator that involves the sale of government bonds or securities to investors. These auctions are typically held by central banks or other government agencies to raise funds for various projects or to manage debt. The interest rates and terms of the bonds are determined through a competitive bidding process, making it an important tool for investors to gauge the strength of a country's economy and its ability to repay debts. The results of an obligation auction can provide valuable insights into the financial stability and creditworthiness of a government.
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 (Jan 2026): actual 4.024 %. Prior reading (Jan 2026): 1.508 %. Before that (Dec 2025): 1.463 %.
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 USD/JPY (Bearish USD, r=-0.47) — a useful reference for forex-focused traders.