German bunds are little changed before Italy's auction

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Source: Bloomberg
German government bunds were little changed on Monday before an auction of Italian debt totaling 8 billion euros, or $10.4 billion, and before a report showed that investor confidence in Germany improved in May. Benchmark 10-year bund yielded at 1.38% as of 7:10 a.m. in London following an increase to 1.39% on May 10, the strongest since March 25.

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