There's been no announcement of anything changing with the bond negotiations- so we were kind of expecting tomorrow to be the day of default.

But, sources tell us that it might not be. And that's because we understand there have been talks between Government and the creditor committee - which represents a majority of the bondholders.

As we understand it - the two sides are still a ways apart on the terms of a new bond - but they may have agreed on a way forward.

And, for the time being, we are told that may involve the extension of a the grace period for default - in exchange for a goodwill gesture from government in the form of a partial payment.