Argentine Assets Swing on Reports Bessent Lining Up More Aid (1)

Argentina’s sovereign bonds briefly spiked Wednesday after media outlets reported that US Treasury Secretary Scott Bessent is preparing aid totaling $40 billion for Javier Milei’s government, double the previous pledge.

Bessent is working on a $20 billion facility from the private sector that would complement a currency swap line from the government of a similar size, Semafor reported.

Meanwhile, Axios reported that Bessent told reporters the Treasury bought Argentine pesos again in the spot market Wednesday. Banco Santander SA sold dollars on behalf of the US Treasury, according to a person familiar with the matter. Santander declined to ...