15-Year Obligacion Auction represents the percentage yield on the on the Bonos del Tesoro bonds having maturity of 15 years. 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 15-Year Obligacion Auction" macroeconomic indicator.
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