1.   Argentina, also in deep fiscal trouble, bought itself time with a huge bond swap in June this year.

2.   A huge bond swap completed last month was supposed to banish fears of a debt default.

3.   But as bonds fall, bond swaps have more appeal.

4.   But it was soon after that Goldman bond swap, in late July, that the bottom fell out.

5.   Franco had said earlier this year that Brazil was considering another bond swap.

6.   Last month, Matos Azocar survived a vote of censure in Congress that sought to unseat him for his handling of the bond swap.

7.   The bond swap is similar to transactions that Mexico and the Philippines undertook in recent years.

8.   The bond swap is similar to transactions undertaken by Mexico and the Philippines in recent years.

9.   The government said at the end of April that it was working on a bond swap, and that alone helped push the price of Argentine bonds higher.

10.   The market for bond swaps is shrinking as repos grow.