Today is a slow day on the macro number front, after yesterday’s positive data surprises from the US and before Thursday's European numbers. The European finance ministers convene today for a pre-meeting before the actual leader’s meeting on Thursday and Friday. Bond markets have already been nervous enough, and there are little signs that the meetings will result in an agreement on the banking union. Thus, any statements later today could provide more information on whether the ‘Cyprus model’ of little or no EU taxpayer money is the way forward, which would be negative for the crisis countries’ bond markets. A ... (full story)