Kilambi News
Sunday, November 15, 2026

Rates also notable: buyback result, Spain, Swiss prices

Rates Friday, November 13, 2026 - Updated Nov 13, 2026 07:16

The Treasury accepted 556 million dollars in its November 12 TIPS buyback, Spain's final October inflation held at 4.9 percent with core at 3.1 percent, and Swiss producer and import prices rose 0.9 percent in October, their fastest monthly increase since May 2022.

Why it matters: None of these moves a policy rate on its own, but together they fill in the week's picture: Treasury liquidity support running below its maximum, Spanish inflation stuck at the euro area's high end, and pipeline prices turning up even in Switzerland.

Data as of Treasury buyback operation of November 12, 2026, settlement November 13, from the Fiscal Data pool record; INE Spain final CPI of November 13, 2026; Swiss FSO release of November 13, 2026, corroborated by dpa-AFX reporting the same day; INE and INEGI releases as dated in the text.

Treasury buyback result. The Treasury’s Liquidity Support buyback on November 12 accepted 556 million dollars of TIPS in the 1 to 10 year bucket, against a 750 million dollar maximum, with 3.224 billion dollars offered, a cover of 5.80 times the amount accepted, and 8 of 28 eligible issues accepted. The operation settles today, November 13. It was a standard operation, carried here as a result line; the operation itself was first covered when scheduled on November 10.

Spain final inflation. Spain’s final October consumer price data, published by the INE on November 13, confirmed the flash estimate: prices up 4.9 percent year on year, the same as September, with core inflation at 3.1 percent, a monthly rise of 0.6 percent, and the harmonised rate also at 4.9 percent, up 0.5 percent on the month. Spain remains at the high end of euro area inflation alongside Italy, well above France at 3.4 percent and Germany at 2.8 percent.

Swiss pipeline prices. Switzerland’s producer and import price index rose 0.9 percent in October to 101.6 points, and 0.9 percent year on year, the Federal Statistical Office reported. Producer prices rose 0.5 percent on the month and import prices 1.7 percent, led by petroleum products, crude oil and natural gas, electrical equipment and machinery; dpa-AFX noted the monthly rise was the fastest since May 2022 and the annual rise the first since May 2023.

Spain company and materials data. The INE’s mercantile companies statistics showed 9,174 companies created in Spain in September, 0.9 percent fewer than a year earlier, with dissolutions down 11.2 percent. Its material flows account put national material consumption in 2025 at 475.7 million tonnes, up 5.7 percent, with material productivity down 3.0 percent. The harmonised business demography for 2024 counted 3,552,872 active enterprises, 334,789 created and 269,592 closed, a net creation rate of 1.8 percent.

Mexico travellers and Canada self-employment. INEGI reported 7,248,583 international travellers entered Mexico in September, 0.5 percent fewer than a year earlier, while 3.7 percent more residents travelled abroad. Statistics Canada’s study of self-employed workers found an average of 2.7 million self-employed workers in the first nine months of 2026, with 27.6 percent planning to expand their business. Canada’s September building permits, a single-source flag in this run’s gap check, were published as a full story earlier today and are not repeated here.

Sources

  1. Treasury Securities Buybacks, operation of November 12, 2026 - US Treasury (Fiscal Data) - 2026-11-12
  2. Consumer Price Index, October 2026, final data - INE (Spain) - 2026-11-13
  3. Producer and Import Price Index in October 2026 - Swiss Federal Statistical Office - 2026-11-13
  4. National material flows account, advance 2025 - INE (Spain) - 2026-11-13
  5. International Travellers Survey, September 2026 - INEGI - 2026-11-12