Argentine bond risk spreads widen as market braces for possible default

BUENOS AIRES (Reuters) - Argentine bond prices fell and its country risk spread widened on Wednesday as the market braced for the expected nonpayment of $500 million (406 million pounds) in interest on government bonds, which would kick off a 30-day grace period before default is declared.The country's segment of JP Morgan's Emerging Markets Bond Index Plus shot out 240 basis points to 3,857 over safe-haven U.S. Treasury paper, indicating an increase in payment risk. Over-the-counter government..