2-year yields down 34 bp to 2.84%, 10-year yields down 0.32 bp to 5.50% on hopes a preemptive credit line will be put in place for Spain, avoiding a full sovereign bailout.
The 10-year spread between Germany and Spain is at 3.88%. The hope is that ECB buying will drive that spread down to a more manageable 200 bp.
Narrower spreads and lower yields are euro positives.