That graph comes from nine years ago, a Brad DeLong post on Argentina's interest rate spreads from four to six years before that. It's a neat reminder of how long the controversy over these bonds has been simmering along.
Here is the recent Supreme Court decision on the litigation/discovery question.
Noah Freeman, of Bloomberg, offers his opinion that the near-simultaneous decision of the Supreme Court to refuse to hear opinions on the merits of the lower court orders is "legally surprising, financially worrisome, and internationally questionable."
Lyle Denniston of SCOTUSblog has this to say: No relief for Argentina.
JURIST of the Un. of Pittsburgh School of Law, offered a simple two-paragraph statement.
THE NEW YORK TIMES goes further, emphasizing for example the Republic of Argentina's statements that it would :"try to comply but that another default would be a possibility given the overall sums at stake for all holdout bondholders." Byline to Adam Liptak.
Here is Bloomberg News' full dossier on Paul Singer, the man behind NML.
Adam Levitin of the indispensable blog Credit Slips, discusses where matters might go from here.
He's working in part from language in the Prospectus Supplement, which you can read for yourself here. [Warning, it's 374 pages of legalese.]
The BBC has posted this.