Spain's bonds are little changed before this week's auction

Spanish government bonds were little changed on Monday after they fell to the lowest level since November 2010 on April 11, before this week's auction of three, five and ten-year bonds which is expected to be absorbed by the country's banks. The Spain's 10-year yield was at 4.71% as of 7:57 a.m. in London following a last week's decline to 4.61%.