This event represents the issuance of long-term Spanish government debt securities that provide protection against inflation. The principal and interest payments are adjusted based on the Harmonized Index of Consumer Prices (HICP) of the Eurozone. Investors use these auctions to gauge long-term inflation expectations and the creditworthiness of the Spanish sovereign. A successful auction indicates strong investor confidence in the Eurozone's fiscal stability.
The auction is conducted via a competitive bidding process managed by the Spanish Treasury (Tesoro Público). The yield is determined by market demand, and the bond's value is linked to the Eurozone HICP excluding tobacco.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 17, 2024 | 3.51 | — | — |
