Argentina Bonds Accelerate Gains as US Says Swap Line Finalized

Argentine dollar bonds extended earlier gains on Thursday, with notes rising more than 4 cents across the curve, after US Treasury Secretary Scott Bessent said the framework for a $20 billion currency swap deal was finalized.

• The US directly purchased Argentine pesos in the spot market, Bessent wrote in a X post
• Sovereign bonds due in 2035 rose gained 4.3 cents on the dollar to trade above 60 cents, the highest levels in two weeks, according to indicative pricing data compiled by Bloomberg
• NOTE: Bessent Says $20 Billion US-Argentina Currency Swap Finalized

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