Overview

• U.S. Treasury’s Scott Bessent confirmed fresh market operations and signaled assistance near US$40 billion, roughly split between a US$20 billion swap for the central bank and about US$20 billion in private credit lines.
• The official exchange rate at Banco Nación closed near $1,425, the wholesale dollar ended around $1,407 after an intraday peak near $1,420, and the blue rose to roughly $1,460–$1,465 as financial dollars advanced.
• Traders reported that U.S. interventions were executed through private banks, with market speculation centering on JPMorgan or Citibank acting as agents.
• Sovereign risk stayed above 1,000 basis points as bonds turned lower and Argentine ADRs fell in New York, while the local Merval edged higher in pesos but was flat in dollar terms.
• The Treasury rolled over only about 45.7% of a debt auction, freeing more than ARS 2 trillion, as one‑day caución and repo rates swung sharply, at times exceeding 100% before easing.