Government bond yield · Spain
Spain 10-Year Obligacion Auction
The Spain 10-Year Obligacion Auction is the yield on Spain's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- الأهمية
- Low
- صدر
- Monthly
- العملة
- EUR · euro
- البنك المركزي
- The European Central Bank (with the Banco de España)
أحدث الأرقام
صدر آخر إصدار في 2026-11-05 وجاء عند 3.802%. هذا أقل من 4.176% في المرة السابقة.
خلال آخر 12 إصدارات تراوح بين 3.167% و4.176%، بمتوسط 3.557%.
| صدر | المدة | الفعلي | التوقعات | السابق |
|---|---|---|---|---|
| 5 Nov 2026 | – | 3.802% | – | 4.176% |
| 1 Oct 2026 | – | 4.176% | – | 3.960% |
| 17 Sep 2026 | – | 3.960% | – | 3.736% |
| 3 Sep 2026 | – | 3.736% | – | 3.542% |
| 6 Aug 2026 | – | 3.542% | – | 3.395% |
| 2 Jul 2026 | – | 3.395% | – | 3.383% |
| 18 Jun 2026 | – | 3.383% | – | 3.392% |
| 7 May 2026 | – | 3.392% | – | 3.435% |
| 9 Apr 2026 | – | 3.435% | – | 3.476% |
| 19 Mar 2026 | – | 3.476% | – | 3.167% |
| 19 Feb 2026 | – | 3.167% | – | 3.223% |
| 5 Feb 2026 | – | 3.223% | – | 3.199% |
لماذا يهم
Government yields are the base of every other interest rate. Short maturities follow the European Central Bank (with the Banco de España)'s policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the euro; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
طريقة الحساب
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationما تعنيه التغيرات
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
لمحة تاريخية قصيرة
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
الأسئلة
What is the Spain 10-Year Obligacion Auction?
The Spain 10-Year Obligacion Auction is the yield on Spain's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest Spain 10-Year Obligacion Auction?
3.802%, published on 5 November 2026.
محتوى تعليمي فقط، وليس نصيحة استثمارية. الأرقام هي النتائج المنشورة كما سجّلتها مفكرتنا؛ وردود فعل السوق الموصوفة نموذجية وليست مضمونة.