Government bond yield · Spain
Spain 15-Year Obligacion Auction
The Spain 15-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
- About every six weeks
- 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 4.092%. هذا أعلى من 3.813% في المرة السابقة.
خلال آخر 7 إصدارات تراوح بين 3.605% و4.092%، بمتوسط 3.759%.
| صدر | المدة | الفعلي | التوقعات | السابق |
|---|---|---|---|---|
| 5 Nov 2026 | – | 4.092% | – | 3.813% |
| 4 Jun 2026 | – | 3.813% | – | 3.845% |
| 16 Apr 2026 | – | 3.845% | – | 3.605% |
| 5 Mar 2026 | – | 3.605% | – | 3.670% |
| 15 Jan 2026 | – | 3.670% | – | 3.616% |
| 6 Nov 2025 | – | 3.616% | – | 3.739% |
| 3 Jul 2025 | – | 3.671% | – | 3.356% |
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 15-Year Obligacion Auction?
The Spain 15-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 15-Year Obligacion Auction?
4.092%, 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.