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The Fed said on Thursday it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market.
Ten-year Italian yields fell below 5 percent for the first time since March 26 and were down 6 basis points on the day at 4.97 percent. Equivalent Spanish yields shed 3.5 bps to 5.64 percent.
"There is a risk-on mood across the board at the moment, that (has to do with) the Fed but certainly it still echoes from the ECB," Rainer Guntermann, strategist at Commerzbank said.