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Spain EUR

Spain 10-Year Obligacion Auction

Impact:
Low

Latest Release:

Actual:
3.349%
Forecast:
Previous/Revision:
3.382%
Period: Apr 2025
What Does It Measure?
The Spain 10-Year Obligacion Auction measures the government's ability to borrow funds from investors by issuing bonds with a maturity of ten years. This auction reflects investor confidence in Spain's fiscal stability and assesses key factors such as the yield offered, demand for the bonds, and overall market sentiment regarding government financing.
Frequency
This auction occurs regularly, typically on a quarterly basis, with specific dates scheduled as part of Spain's debt issuance calendar.
Why Do Traders Care?
Traders pay close attention to the outcomes of such auctions as they provide insights into the health of the Spanish economy and influence the pricing of government bonds. The results can impact the value of the euro, equity markets, and general investor sentiment based on how well the auction meets expectations in terms of demand and yield.
What Is It Derived From?
The auction results are derived from the bids submitted by a range of investors, including institutional investors, banks, and hedge funds, with the allocation being weighted according to the bidding prices. The yield is determined based on the accepted bids, reflecting the interest rate investors are willing to accept for holding the bonds.
Description
The Spain 10-Year Obligacion Auction offers real-time insights into market confidence and economic conditions, specifically reflecting investor perceptions of risk associated with holding Spanish debt. The preliminary results are often released shortly after the auction and can lead to immediate market reactions, while the final figures provide a more comprehensive understanding of the outcomes.
Additional Notes
The auction serves as a coincident indicator of Spain's fiscal health and is closely monitored in relation to other European bond markets. It also illustrates the interplay between government debt levels and investor risk appetite, highlighting broader trends in European economic stability.
Bullish or Bearish for Currency and Stocks
Higher than expected demand and lower yields: Bullish for Euro, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
3.349%
3.382%
3.382%
3.507%
3.507%
2.743%
2.743%
2.92%
2.92%
3.04%
3.04%
3.107%
3.107%
3.192%
3.192%
3.345%
3.345%
3.251%
3.251%
3.19%
3.19%
3.162%
3.162%
3.139%
3.139%
3.61%
3.61%
4.067%
4.067%
3.98%
3.98%
3.66%
3.66%
3.605%
3.605%
3.554%
3.554%
3.509%
3.509%
3.401%
3.401%
3.36%
3.36%
3.765%
3.77%
3.4%
3.4%
3.306%
3.306%
3.225%
3.225%
2.813%
1.98%
2.535%
2.535%
2.454%
2.454%
2.552%
2.046%
1.601%
1.601%
1.31%
1.31%
1.232%
1.232%
0.852%
0.852%
0.386%
0.386%
0.465%
0.465%
0.483%
0.483%
0.446%
0.446%
0.326%
0.326%
0.309%
0.309%
0.2%
0.2%
0.354%
0.354%
0.598%
0.598%
0.433%
0.433%
0.368%
0.368%
0.351%
0.351%
0.271%
0.271%
0.162%
0.162%
0.114%
-0.027%
0.224%
0.224%
0.263%
0.263%
0.451%
0.451%
0.528%
0.528%
0.55%
0.55%
0.711%
0.711%
0.694%
0.694%
0.661%
0.661%
0.169%
0.169%
0.24%
0.24%
0.347%
0.347%
0.44%
0.44%
0.409%
0.409%
0.295%
0.295%
0.253%
0.253%
0.115%
0.115%
0.211%
0.211%
0.181%
0.181%
0.3%
0.3%
0.257%
0.257%
0.839%
0.839%
0.936%
0.936%
1.121%
1.121%
1.1%
1.1%
1.222%
1.222%
1.285%
1.285%
1.402%
1.402%
1.456%
1.456%
1.607%
1.607%
1.644%
1.644%
1.54%
1.54%
1.493%
1.493%
1.432%
1.43%
1.422%
1.422%
1.308%
1.308%
1.406%
1.406%
1.37%
1.37%
1.288%
1.288%
1.235%
1.235%
1.148%
1.148%
1.363%
1.363%
1.502%
1.502%
2.11%
2.11%
1.039%
1.039%
1.525%
1.525%
1.488%
1.488%
1.41%
1.41%
1.536%
1.536%
1.457%
1.457%
1.627%
1.627%
1.36%
1.36%
1.54%
1.54%
1.267%
1.26%
1.649%
1.649%
1.395%
1.395%
1.548%
1.548%
1.452%
1.452%
1.7%
1.7%
1.61%
1.61%
1.682%
1.682%
1.684%
1.684%
1.733%
1.45%
1.423%
1.423%
1.54%
1.54%
1.498%
1.498%
1.208%
1.208%
1.043%
1.043%
1.072%
1.072%
1.125%
1.125%
1.095%
1.095%
1.061%
1.061%
1.591%
1.591%
1.498%
1.498%
1.592%
1.592%
1.608%
1.608%
1.496%
1.496%
1.484%
1.484%
1.781%
1.781%
1.694%
1.266%
1.461%
1.461%
1.746%
1.746%
1.767%
1.767%
1.837%
1.837%
2.145%
2.145%
2.128%
2.128%
1.917%
1.917%
1.982%
1.982%
2.099%
2.099%
2.258%
2.349%
1.882%
1.882%
1.282%