Wednesday, 04 November 2015 16:07
LONDON: Portuguese government bond yields fell on Wednesday as opposition parties struggle to join forces a week before a vote at which they have pledged to topple Lisbon’s minority government.
Ten-year yields fell 6 basis points to 2.52 percent, the best performing bonds in the euro zone on Wednesday.
Portugal’s opposition Socialists said late Tuesday they were still trying a reach agreement with two other left-wing parties for a majority-backed coalition, which they pledged to have in place before trying to oust the new cabinet next week.
Parliament will debate the centre-right government’s policy programme next Monday before a vote on Tuesday or Wednesday, which could bring down the new government if it is rejected.
