Government bond yield · Spain
Spain 6-Month Letras Auction
The Spain 6-Month Letras 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.
- اهمیت
- Low
- منتشرشده
- Monthly
- انتشار بعدی
- ارز
- EUR · euro
- بانک مرکزی
- The European Central Bank (with the Banco de España)
آخرین ارقام
آخرین انتشار در 2026-11-03 منتشر شد و 2.822% بود. این بیشتر از 2.769% در دفعه قبل است.
در 12 انتشار اخیر بین 1.931% و 2.822% بود، با میانگین 2.345%. سه انتشار پیاپی افزایش داشته است.
| منتشرشده | برای | واقعی | پیشبینی | قبلی |
|---|---|---|---|---|
| 3 Nov 2026 | – | 2.822% | – | 2.769% |
| 6 Oct 2026 | – | 2.769% | – | 2.623% |
| 1 Sep 2026 | – | 2.623% | – | 2.496% |
| 4 Aug 2026 | – | 2.496% | – | 2.385% |
| 7 Jul 2026 | – | 2.385% | – | 2.376% |
| 2 Jun 2026 | – | 2.376% | – | 2.357% |
| 5 May 2026 | – | 2.357% | – | 2.362% |
| 7 Apr 2026 | – | 2.362% | – | 2.059% |
| 3 Mar 2026 | – | 2.059% | – | 1.973% |
| 3 Feb 2026 | – | 1.973% | – | 1.981% |
| 13 Jan 2026 | – | 1.981% | – | 1.931% |
| 2 Dec 2025 | – | 1.931% | – | 1.944% |
چرا مهم است
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.
روش محاسبه
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 inflationتغییرات چه معنایی دارند
- 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.
تاریخچهای کوتاه
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.
پرسشها
What is the Spain 6-Month Letras Auction?
The Spain 6-Month Letras 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 6-Month Letras Auction?
2.822%, published on 3 November 2026.
When is the next Spain 6-Month Letras Auction?
On Tuesday 1 December 2026 at 09:40 UTC.
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