Portuguese yields indicated lower as coalition talks progress
LONDON, July 5
LONDON, July 5 (Reuters) - Portuguese bond yields were indicated lower in pre-trading on Friday as the country's prime minister sought to reassure investors that the government's stability would be maintained.
The selloff in Portuguese debt that sent its 10-year yields above 8 percent this week also eased after the European Central Bank made an unprecedented commitment to keep interest rates at record lows, sparking a broad rally in euro zone bonds.
Portuguese 10-year yields were last indicated 61 basis points down at 6.79 percent, with Spanish and Italian equivalents seen 6 bps lower at 4.59 and 4.36 percent respectively.