Spanish and Italian bond yields mostly edge lower in early trading, after general market sentiment was buoyed by the FOMC decision late Thursday. The only exception currently is the yield on two-year Spain, which is up 0.05 at 2.83%. But 10-year Italy is at 4.94%, down 0.07--its lowest since mid-March. "[The] market driver today will be the Eurogroup meeting and surrounding headlines, while any comments or details regarding the conditionality related to a potential bailout program/precautionary credit line for Spain should be in the spotlight," says RBC Capital Markets. "We do not expect any final decision on that, while we could get some more details on what the Eurogroup actually expects from Spain," it adds.
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