The 7-Year Obligacion auction is a key debt issuance event by the Spanish Treasury (Tesoro Público) to fund government operations. This medium-to-long term bond is a vital indicator of Spain's creditworthiness and the overall health of the Eurozone's peripheral bond market. Yields on these bonds are influenced by European Central Bank (ECB) policies and regional economic data. Global investors use this auction to assess the risk premium associated with Spanish sovereign debt compared to German Bunds.
The Spanish Treasury uses a competitive auction format where primary dealers submit bids. The Treasury determines the minimum price (maximum yield) it is willing to accept, and bonds are distributed accordingly to the highest bidders.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 6, 2026 | 3.19 | — | — |
| Jul 16, 2026 | 3.30 | — | — |
| Jul 2, 2026 | 3.16 | — | — |
| Jun 18, 2026 | 3.03 | — | — |
| May 21, 2026 | 3.16 | — | — |
| Apr 16, 2026 | 3.11 | — | — |
| Mar 19, 2026 | 3.08 | — | — |
| Mar 5, 2026 | 2.86 | — | — |
| Feb 5, 2026 | 2.90 | — | — |
| Jan 8, 2026 | 2.94 | — | — |
| Nov 20, 2025 | 2.88 | — | — |
| Nov 6, 2025 | 2.85 | — | — |
| Oct 16, 2025 | 2.72 | — | — |
| Oct 2, 2025 | 2.92 | — | — |
| Sep 4, 2025 | 2.73 | — | — |
| Jun 5, 2025 | 2.72 | — | — |
| May 22, 2025 | 2.75 | — | — |
| Apr 10, 2025 | 3.01 | — | — |
| Apr 3, 2025 | 2.81 | — | — |
| Mar 6, 2025 | 3.07 | — | — |
| Feb 6, 2025 | 2.71 | — | — |
| Jan 9, 2025 | 2.90 | — | — |
| Nov 21, 2024 | 2.77 | — | — |
| Oct 17, 2024 | 2.65 | — | — |
| Sep 19, 2024 | 2.69 | — | — |
| Jul 4, 2024 | 3.13 | — | — |
| Jan 18, 2024 | 2.95 | — | — |
| Oct 19, 2023 | 3.68 | — | — |
| Jul 6, 2023 | 3.33 | — | — |
| Jun 1, 2023 | 3.08 | — | — |
| Apr 20, 2023 | 3.26 | — | — |
| Mar 2, 2023 | 3.52 | — | — |
| Feb 16, 2023 | 3.21 | — | — |
| Jan 19, 2023 | 2.70 | — | — |
| Jan 12, 2023 | 2.89 | — | — |
| Oct 20, 2022 | 3.25 | — | — |
| Aug 4, 2022 | 1.55 | — | — |
| Jun 2, 2022 | 1.38 | — | — |
| May 5, 2022 | 1.69 | — | — |
| Apr 7, 2022 | 1.23 | — | — |
| Mar 3, 2022 | 0.66 | — | — |
| Jan 5, 2022 | 0.12 | — | — |
| Nov 4, 2021 | 0.04 | — | — |
| Oct 7, 2021 | -0.03 | — | — |
