Argentina misses debt payment, decides to use grace period, bond prices fall

BUENOS AIRES (Reuters) - Argentina missed a bond interest payment of about $500 million that was due on Wednesday and planned to use a 30-day grace period, the government said, as it seeks to avoid default and buy time to reach a wider debt revamp deal with creditors."The Republic has decided to use the grace period," the Economy Ministry said in a statement, capping a day that saw bond prices fall and risk spreads widen in anticipation of the move.Latin America's No. 3 economy, hit hard by the..