In Spain, the government bonds (Bonos del Estado) are debt instruments issued by the government to finance its expenditures. The investor lends money to the government with the expectation of receiving a pre-agreed rate of interest in return. The government issues debt instruments in order to raise funds for infrastructure development and other government expenditures. The investor obtains a guaranteed recurring income that is paid out prior to the maturity date of the investment. However, even if bonds are intended to produce a fixed income, this does not imply that the yield will always be positive, as bonds may experience fluctuations in profitability relative to the anticipated return, as well as unintentional losses. When an investor purchases government bonds, they are essentially lending money to the government for a defined length of time. The government, in exchange, pays coupons to the investor, which are percentages of a particular amount paid at predetermined intervals. When the bond's maturity date comes around, the original investment amount is refunded to the investor. The day on which the investors receives their investment back is referred to as the maturity date. The maturity of the security varies depending on the bond type chosen: some have maturities of less than a year, while others have maturities of more than 30 years. The nominal value of government bonds is 1,000 euros, or a multiple of that amount. Unlike government bills, interest on securities is paid on coupons at predetermined intervals. Although just one payment of interest is made per year, both the amount and terms of the payment are established in advance, even before the bond is issued. Government bonds can also be bought without a predetermined coupon, in which case the interest rate may be determined by the rate of inflation at the time the bond is purchased. There is a wide range of amortization terms available for government bonds, ranging from 3 to 5 years for Bono bonds to 10, 15, 30 or 50 years for the Obligación type. The sole difference between these two sorts of bonds is the length of time they have to be paid back, and this distinction is only seen in the legal system of Spain. Once the 5-year time has expired, the name of the first type of bonds Bono is changed to Obligación, which means obligation.

A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.

Source:  Tesoro Público
Category:  5 Year Note Yield
Units:  Percent
Details
Impact: Low
Country:
Currency: EUR
Latest Release
Previous: 2.386%
Consensus:
Actual: 2.506%
Next Release
Date: Jul 17, 08:40
Time left: 5 days

Forex Sentiment (EUR)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
EURUSD
1.1192
-496 pips
1.1605
+83 pips
1.16879
Symbol Action Percentage Volume Positions
EURUSD Short 67% 10338.14 lots 34187
Long 33% 5036.88 lots 20978
29% of traders are currently trading EURUSD.
EURAUD
1.7108
-656 pips
1.7875
-111 pips
1.77641
Symbol Action Percentage Volume Positions
EURAUD Short 54% 1334.60 lots 3905
Long 46% 1156.69 lots 3076
4% of traders are currently trading EURAUD.
EURJPY
166.7710
-556 pips
169.8047
+252 pips
172.327
Symbol Action Percentage Volume Positions
EURJPY Short 89% 2127.45 lots 7307
Long 11% 261.86 lots 1203
6% of traders are currently trading EURJPY.
EURCAD
1.5626
-357 pips
1.5975
+8 pips
1.59827
Symbol Action Percentage Volume Positions
EURCAD Short 85% 637.87 lots 4178
Long 15% 113.82 lots 967
4% of traders are currently trading EURCAD.
EURCHF
0.9349
+33 pips
0.9453
-137 pips
0.93164
Symbol Action Percentage Volume Positions
EURCHF Short 18% 172.69 lots 1241
Long 82% 770.16 lots 5272
5% of traders are currently trading EURCHF.
EURCZK
24.6901
+42 pips
0
+246859 pips
24.68591
Symbol Action Percentage Volume Positions
EURCZK Short 100% 0.33 lots 1
Long 0% 0.00 lots 0
0% of traders are currently trading EURCZK.
EURGBP
0.8553
-100 pips
0.8618
+35 pips
0.86527
Symbol Action Percentage Volume Positions
EURGBP Short 94% 3743.58 lots 16818
Long 6% 255.33 lots 1671
10% of traders are currently trading EURGBP.
EURHUF
397.5902
-231 pips
405.3578
-546 pips
399.90
Symbol Action Percentage Volume Positions
EURHUF Short 51% 8.51 lots 42
Long 49% 8.20 lots 41
0% of traders are currently trading EURHUF.
EURNOK
11.3620
-4806 pips
11.8378
+48 pips
11.8426
Symbol Action Percentage Volume Positions
EURNOK Short 60% 0.35 lots 10
Long 40% 0.23 lots 4
0% of traders are currently trading EURNOK.
EURNZD
1.8761
-689 pips
1.9428
+22 pips
1.94496
Symbol Action Percentage Volume Positions
EURNZD Short 77% 323.87 lots 2278
Long 23% 97.33 lots 477
2% of traders are currently trading EURNZD.