This event represents the auction of Spanish government bonds (Bonos del Estado) with a five-year maturity period. These auctions are a primary tool for the Spanish Treasury to finance the national budget and manage public debt. The results, specifically the average yield and the bid-to-cover ratio, serve as a barometer for investor confidence in Spain's fiscal health.
The Spanish Treasury uses a Dutch auction format where investors submit bids for the amount and yield they are willing to accept. The Treasury then determines the cut-off price and the weighted average yield based on the total demand.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 6, 2026 | 3.00 | — | — |
| Jul 2, 2026 | 2.83 | — | — |
| Jun 4, 2026 | 2.95 | — | — |
| May 21, 2026 | 2.96 | — | — |
| Apr 16, 2026 | 2.91 | — | — |
| Apr 9, 2026 | 2.92 | — | — |
| Mar 19, 2026 | 2.93 | — | — |
| Feb 19, 2026 | 2.58 | — | — |
| Jan 8, 2026 | 2.51 | — | — |
| Dec 4, 2025 | 2.47 | — | — |
| Oct 16, 2025 | 2.44 | — | — |
| Oct 2, 2025 | 2.48 | — | — |
| Jul 17, 2025 | 2.48 | — | — |
| Jun 19, 2025 | 2.51 | — | — |
| Jun 5, 2025 | 2.39 | — | — |
| May 8, 2025 | 2.38 | — | — |
| Mar 20, 2025 | 2.76 | — | — |
| Feb 20, 2025 | 2.68 | — | — |
| Jan 16, 2025 | 2.76 | — | — |
| Dec 5, 2024 | 2.37 | — | — |
| Nov 7, 2024 | 2.75 | — | — |
| Oct 3, 2024 | 2.38 | — | — |
| Sep 5, 2024 | 2.58 | — | — |
| Jun 20, 2024 | 3.00 | — | — |
| May 16, 2024 | 2.88 | — | — |
| May 9, 2024 | 2.97 | — | — |
| Apr 4, 2024 | 2.85 | — | — |
| Mar 7, 2024 | 2.86 | — | — |
| Feb 15, 2024 | 2.87 | — | — |
| Jan 4, 2024 | 2.62 | — | — |
| Nov 2, 2023 | 3.33 | — | — |
| Oct 5, 2023 | 3.64 | — | — |
| May 18, 2023 | 3.03 | — | — |
| Jan 19, 2023 | 2.62 | — | — |
| Nov 3, 2022 | 2.67 | — | — |
| Sep 15, 2022 | 2.23 | — | — |
| Jul 21, 2022 | 1.75 | — | — |
| Jun 16, 2022 | 2.35 | — | — |
| May 5, 2022 | 1.39 | — | — |
| Feb 17, 2022 | 0.58 | — | — |
| Jan 20, 2022 | 0.09 | — | — |
| Nov 18, 2021 | -0.11 | — | — |
| Oct 21, 2021 | -0.09 | — | — |
| Oct 7, 2021 | -0.03 | — | — |
| Sep 16, 2021 | -0.37 | — | — |
