12-Month Letras Auction represents the average percentage yield on Letras del Tesoro bills having maturities of 12 months. Since the yield rate can reflect Spain's government debt situation, an increase in the rate may precede the economic growth, while its decrease can be seen as an indication of a slowdown.
The chart of the entire available history of the "Spain 12-Month Letras Auction" macroeconomic indicator.
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