1611 GMT - Snap elections in Spain in November aren't expected to have a significant impact on Spanish government bonds, MFS Investment Management's Peter Goves says in a note. "Spanish fundamentals are strong and Spanish politics is rarely a spread driver," the head of developed market debt sovereign research says. Furthermore, it appears that the Partido Popular (PP) could potentially form a workable majority with VOX--which would give Spain a majority government for the first time in several years, Goves says. "This would reduce uncertainty around passing a budget for example," he says. In addition, the PP is likely to be pro-business and pro-EU, which would also support spreads, he says. The 10-year Spanish bond yield falls 6.3 basis points to 4.081% as eurozone bond yields decline.