CORRECT: Argentina Bonds Soar on Talks Over US $20B Swap Line

(Corrects bonds maturity on the second bullet)

• Argentina’s bonds leaped Wednesday, reversing earlier losses, after US Treasury Secretary Scott Bessent said Washington was in talks with Javier Milei’s administration over a $20 billion swap line and was ready to purchase secondary or primary government debt.
• Notes maturing in 2035 jumped almost 3 cents after the news, trading above 60 cents on the dollar for the first time since Sept. 5, before the Buenos Aires provincial election, according to indicative pricing data compiled by Bloomberg
• “The Treasury is currently in negotiations with Argentine officials for a $20 billion swap line with ...