The reading has risen in each of the last 4 releases.
The 9-Month Letras Auction represents the yield on short-term debt securities issued by the Spanish Treasury (Tesoro Público). These auctions are a key part of Spain's sovereign financing strategy and provide a benchmark for short-term interest rates in the Eurozone. The yield determined at auction reflects investor demand and the perceived credit risk of the Spanish government.
The auction uses a competitive bidding process where institutional investors submit bids specifying the amount and the yield they are willing to accept. The Treasury accepts bids starting from the lowest yield until the target issuance amount is reached.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 13, 2026 | 2.96 | — | — |
| Sep 8, 2026 | 2.78 | — | — |
| Aug 11, 2026 | 2.60 | — | — |
| Apr 14, 2026 | 2.46 | — | — |
| Dec 9, 2025 | 2.00 | — | — |
| Nov 11, 2025 | 1.97 | — | — |
| Oct 14, 2025 | 1.96 | — | — |
| Sep 9, 2025 | 1.97 | — | — |
| Aug 12, 2025 | 1.96 | — | — |
| Jul 8, 2025 | 1.91 | — | — |
| Jun 10, 2025 | 1.93 | — | — |
| May 13, 2025 | 2.00 | — | — |
| Apr 22, 2025 | 1.92 | — | — |
| Mar 11, 2025 | 2.27 | — | — |
| Feb 11, 2025 | 2.25 | — | — |
| Jan 14, 2025 | 2.48 | — | — |
| Dec 10, 2024 | 2.37 | — | — |
| Nov 12, 2024 | 2.68 | — | — |
| Oct 8, 2024 | 2.84 | — | — |
| Sep 10, 2024 | 3.01 | — | — |
| Aug 13, 2024 | 3.14 | — | — |
| Jul 9, 2024 | 3.42 | — | — |
| Jun 11, 2024 | 3.49 | — | — |
| May 14, 2024 | 3.43 | — | — |
| Apr 16, 2024 | 3.51 | — | — |
| Mar 12, 2024 | 3.56 | — | — |
| Feb 13, 2024 | 3.48 | — | — |
| Jan 16, 2024 | 3.48 | — | — |
| Nov 14, 2023 | 3.69 | — | — |
| Oct 17, 2023 | 3.80 | — | — |
| Sep 12, 2023 | 3.72 | — | — |
| Aug 16, 2023 | 3.69 | — | — |
| Jul 11, 2023 | 3.79 | — | — |
The latest reading is within its usual range, less than one standard deviation from the mean.
