Government bond auction · Spain
Spain 5-Year Index-Linked Obligacion Auction
The Spain 5-Year Index-Linked Obligacion Auction is a sale of new government debt by Spain's treasury or debt agency to investors.
- Важность
- Low
- Опубликовано
- Monthly
- Валюта
- EUR · euro
- Центральный банк
- The European Central Bank (with the Banco de España)
Последние данные
Последняя публикация вышла 2025-09-04; значение: 0.877%. Это выше, чем 0.810% в прошлый раз.
За последние 4 публикаций значение колебалось от 0.700% до 0.877%, в среднем 0.777%. Показатель рос три публикации подряд.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 4 Sep 2025 | – | 0.877% | – | 0.810% |
| 7 Aug 2025 | – | 0.810% | – | 0.721% |
| 8 May 2025 | – | 0.721% | – | 0.700% |
| 3 Apr 2025 | – | 0.700% | – | 0.908% |
Почему это важно
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
Как считается
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldЧто означают изменения
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
Краткая история
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Вопросы
What is the Spain 5-Year Index-Linked Obligacion Auction?
The Spain 5-Year Index-Linked Obligacion Auction is a sale of new government debt by Spain's treasury or debt agency to investors.
What was the latest Spain 5-Year Index-Linked Obligacion Auction?
0.877%, published on 4 September 2025.
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.