However, he did close with slightly hawkish statements by saying that inflation is low due to transitory factors and should moderate back towards the medium-term target. Spanish 10-year government bond yields fell 8 basis points to 4.73 percent as Prime Minister Rajoy is set to roll out new taxes, according to Bloomberg. On the economics calendar Thursday, initial jobless claims and import and export prices are due out followed by the Bloomberg Consumer Comfort Index.