Spain 10-Year Bond Yield

Spain 10-Year Bond Yield closed down by -13.74% to 0.27 on 23 January 2021 and +-40.13% on a weekly basis. Spain 10-Year Bond Yield momentum was last calculated at -100.0/100 indicating negative momentum. Spain 10-Year Bond Yield trend is -100.0/100 indicating a negative trend. Spain 10-Year Bond Yield momentum exhaustion is -1.36442 indicating Spain 10-Year Bond Yield is oversold.Spain 10-Year Bond Yield RSI is 45.7791 .

Spain 10-Year Bond Yield Chart

Spain 10-Year Bond Yield

Spain 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Spain 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Spain 10-Year Bond Yield trading signals presented in the Spain 10-Year Bond Yield statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Spain 10-Year Bond YieldES.10Y0.27-1-1-1.3644245.7791-13.74-40.13-37.93-0.91423

Spain 10-Year Bond Yield closed at 0.27 on 23 January 2021. Spain 10-Year Bond Yield trend was last calculated at -100.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Spain 10-Year Bond Yield momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Spain 10-Year Bond Yield momentum exhaustion is -1.36442 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Spain 10-Year Bond Yield is oversold and a possible reversal is imminent. Spain 10-Year Bond Yield RSI was last calculated at 45.7791. Spain 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.0417 in a downtrend , 1-quarter moving average: 0.10078 in a downtrend and 1-year moving average: 0.38887 in a downtrend. Spain 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -13.74%, and weekly return was last recorded at -40.13%. Spain 10-Year Bond Yield histrorical 20-day volatility was last recorded at 0.0%, Spain 10-Year Bond Yield alpha None, Spain 10-Year Bond Yield beta None and Spain 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Spain 10-Year Bond Yield statistics based on historical data since 1970.

Spain 10-Year Bond Yield News

Spain 10-Year Bond Yield Factors

Spain 10-Year Bond Yield

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Spain PMI vs 10YES.FACT.10YPMI0.12552.9009-1.13539
Spain ESI vs 10YES.FACT.10YESI0.12592.9959-0.657279
Spain 10Y vs FXES.FACT.FX10Y0.04120.1480.024

Spain Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
IBEX 35IBEX856700.250.4952952.9157-1.05-4.32-2.64-0.15824
Spain ETFEWP27.440.50.51.239558.5292-1.05-6.12-3.72-0.05274
Spain 10-Year Bond YieldES.10Y0.27-1-1-1.3644245.7791-13.74-40.13-37.93-0.91423
Spain 5-Year Bond YieldES.5Y-0.330.5-0.75-1.2957645.69118.272.7741.631.50515
Spain 2-year bond yieldES.2Y-0.540.5-1-1.3608940.46193.858.8711.570.75209
Spain Yield CurveES.YC0.82-0.5-0.5-1.0706550.2841-1.56-13.41-10.77-0.19952
Spain Credit Default SwapsCDS.Spain30.5-1-1-0.8968125.41613.39-7.58-11.59-0.02361

Spain Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade140100-1296900-1.108030.1259521.01.00.62021-05-31
bank lending rate1.541.220.262295-0.08605341.0-1.00.42021-05-31
banks balance sheet2925.72921.50.001437620.04336511.01.00.82021-04-30
business confidence-1.11-2.1-0.9523811.01.00.4416672021-06-30
capacity utilization77.477.010.00506428-0.0349127-1.0-1.00.2833332020-10-01
capital flows17815414-0.6710380.2515811.01.00.7166672021-04-30
car registrations8579092916-0.07669290.214021-1.01.00.9333332021-06-30
central bank balance sheet109541010791600.0150580.1784421.01.00.4833332021-06-30
consumer confidence97.5890.09550560.606261.01.00.9833332021-06-30
consumer price index cpi107.32106.810.004774830.02728061.01.00.9666672021-06-30
core inflation rate0.20.3-0.333333-0.818182-1.0-1.00.03333332021-05-31
current account7293335-0.781409-0.6665141.0-1.00.1333332020-12-31
current account to gdp0.72.1-0.666667-1.075271.01.002020-01-31
exports28268300235420000.200760.2985461.01.012021-03-31
external debt227004000022361700000.01514640.1479981.01.00.7166672021-01-01
foreign direct investment21512798-0.231237-0.538611.0-1.00.42021-04-30
foreign exchange reserves66865.866238.40.00947185-0.0277092-1.0-1.00.1833332021-06-30
gdp1394.121419.74-0.0180456-0.05299121.0-1.002019-01-31
Real GDP288284290028-0.00601321-0.0326787-1.0-1.00.252021-03-01
gdp growth-0.417.1-1.02339-1.57143-1.0-1.00.3333332021-01-01
gdp growth annual-4.2-8.9-0.52809-2.5-1.0-1.00.1833332021-01-01
gold reserves281.58281.6-0.00007102270-1.0-1.00.7083332020-07-01
government budget-11-2.92.79311.5-1.0-1.002020-01-31
Government budget-30628-168910.813273-0.0503241.01.00.62021-05-31
government debt139273000013455700000.03504830.1999981.01.002021-01-01
government debt to gdp12095.50.2565452.037971.01.002020-01-31
housing index1625.41622.30.001910870.03753351.01.00.552021-01-01
housing starts0.90.730.2328771.51.01.00.852021-03-31
imports2706200027138200-0.002807850.5561461.01.00.9833332021-05-31
industrial production2648.2-0.460581-2.150441.01.00.2166672021-05-31
industrial production mom0.4-0.1-5-1.032-1.01.00.4333332021-03-31
inflation cpi2.72.70-41.01.00.152021-06-30
interbank rate-0.38-0.38001.0-1.00.5083332021-06-02
interest rate0.050.05001.0-1.00.7916672016-03-09
loan growth6.57.8-0.1666671.096771.01.00.6833332021-04-30
loans to private sector464930468510-0.00764125-0.0223361-1.0-1.00.6833332021-05-31
long term unemployment rate6.35.70.105263-0.11.0-1.00.5166672021-01-01
manufacturing pmi60.459.40.0168350.2326531.01.00.952021-06-30
money supply m1126218012455400.01335970.09491051.01.00.2166672021-05-31
money supply m2138689013738300.009506270.05870271.01.00.6166672021-05-31
money supply m3142902014164300.008888540.05678771.01.00.7166672021-05-31
new home sales9.28.520.07981221.153561.01.012021-05-31
Producer Price Index110.1108.20.01756010.152881.01.012021-05-31
PPI Index15.312.80.195312-2.738641.01.00.12021-05-31
retail sales MoM-0.43.5-1.11429-0.979798-1.01.00.552021-04-30
retail sales19.640.5-0.516049-2.015541.01.00.2666672021-05-31
services pmi62.559.40.05218860.2042391.01.00.952021-06-30
total vehicle sales96785954030.01448590.1710081.01.00.8833332021-06-30
unemployment rate15.9816.13-0.00929944-0.04540021.0-1.00.52020-07-01
youth unemployment rate36.938-0.0289474-0.0634518-1.0-1.00.62021-05-31
Construction sector-0.1-6.9-0.985507-0.9962961.01.00.1833332021-04-01
Consumer sector-11.6-17.4-0.333333-0.602741.01.00.1333332021-04-01
Manufacturing sector2.6-5.7-1.45614-1.084691.01.00.452021-04-01
Retail sector-3-21.2-0.858491-0.9220781.01.00.2166672021-04-01
Services sector3.7-19.5-1.18974-1.077241.01.00.2166672021-04-01
ESI - Economic Composite10696.90.09391120.4095741.01.012021-04-01

Spain 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: Spain 10-Year Bond Yield momentum, Spain 10-Year Bond Yield trend, Spain 10-Year Bond Yield oscillator, Spain 10-Year Bond Yield RSI and Spain 10-Year Bond Yield returns.

Spain 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarSpain 10-Year Bond Yield momentum signal ranges from -100 to +100. The Spain 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Spain 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Spain 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Spain 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Spain 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

Spain 10-Year Bond Yield trend

Spain 10-Year Bond Yield trend signal ranges from -100 to +100. Spain 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Spain 10-Year Bond Yield Closing price vs Spain 10-Year Bond Yield moving average (MA) calculation: If Spain 10-Year Bond Yield is greater than Spain 10-Year Bond Yield MA value is +1, else -1, 2. Spain 10-Year Bond Yield Moving average slope calculation: if current Spain 10-Year Bond Yield moving average is higher than the previous MA, Spain 10-Year Bond Yield upward slope +1, else -1
Spain 10-Year Bond Yield trend model can be used as a trend strength indicator. Spain 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Spain 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Spain 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Spain 10-Year Bond Yield is in an uptrend when Spain 10-Year Bond Yield price is higher than the 52-week moving average and the Spain 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Spain 10-Year Bond Yield oscillator and Spain 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Spain 10-Year Bond Yield oscillator

The Spain 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Spain 10-Year Bond Yield price versus Spain 10-Year Bond Yield 1-year simple moving average price. The formula for the Spain 10-Year Bond Yield oscillator is:
Spain 10-Year Bond Yield oscillator = (Current Price – 250 trading days Spain 10-Year Bond Yield simple moving average price) / (250 days Spain 10-Year Bond Yield price standard deviation)

Spain 10-Year Bond Yield oversold conditions
Spain 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Spain 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Spain 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Spain 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Spain 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Spain 10-Year Bond Yield RSI.
Spain 10-Year Bond Yield overbought conditions
Spain 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Spain 10-Year Bond Yield is overbought it is often due for a correction. Values of the Spain 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Spain 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Spain 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Spain 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Spain 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Spain 10-Year Bond Yield returns

MacroVar calculates Spain 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Spain 10-Year Bond Yield returns = (Spain 10-Year Bond Yield Closing Price – Spain 10-Year Bond Yield Previous Price)/(Spain 10-Year Bond Yield Previous Price)
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