Indicative Portuguese yields briefly fall

LONDON, July 24 Wed Jul 24, 2013 2:56am EDT

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LONDON, July 24 (Reuters) - Indiciative prices pointed to lower Portuguese yields at the open after the country's president approved a reshuffle of the government aimed at ensuring the ruling coalition's unity after a rift.

Portugal's president approved on Tuesday the promotion of junior coalition party leader Paulo Portas to deputy prime minister and a wider government reshuffle as proposed by premier Pedro Passos Coelho.

Indicative Portuguese yields fell 9 basis points tO 6.42 percent before trade opened. They were last 1.3 bps lower at 6.50 percent.

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