Portuguese yields indicated lower as coalition talks progress

LONDON, July 5 Fri Jul 5, 2013 2:59am EDT

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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.

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