German yields little changed before Italy's auction

German government yields were little changed on Monday before a report showed that consumer confidence in the 17-nation bloc advanced in April and as Italy is set to sell 6 billion euro in 5- and 10-year notes. The German benchmark 10-year rate was traded at 1.22% at 7:16 a.m. in London after the yield fell to the lowest level in 9 months at 1.19% on April 23.