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.
- Важность
- Low
- Опубликовано
- Monthly
- Валюта
- EUR · euro
- Центральный банк
- The European Central Bank (with the Banco de España)
Последние данные
Последняя публикация вышла 2026-11-05; значение: 3.802%. Это ниже, чем 4.176% в прошлый раз.
За последние 12 публикаций значение колебалось от 3.167% до 4.176%, в среднем 3.557%.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 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% |
Почему это важно
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.
Как считается
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 inflationЧто означают изменения
- 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.
Краткая история
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.
Вопросы
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.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.