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Portugal’s bond yields fall as opposition talks stutter

Portugal's bond yields fall as opposition talks stutterLONDON: 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.

Copyright Reuters, 2015

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