EURO GOVT-Spain, Italy suffer as investors switch to safe havens

LONDON Jan 31 (Reuters) - Spanish and Italian government bond yields rose on Thursday as some investors switched from higher-yielding debt into core German Bunds in the wake of the U.S. Federal Reserve's latest meeting.

Spanish 10-year yields rose 10 basis points on the day to 5.31 percent while equivalent Italian debt rose 10 bps to 4.38 percent.

German Bund futures were half a point higher, spurred on by a lack of signals that the Fed's loose monetary policy would end any time soon.