Overview

• U.S. Treasury official Scott Bessent confirmed talks for a roughly $20 billion swap line with Argentina and said Washington stands ready to buy sovereign bonds when conditions warrant.
• Argentine assets jumped as JP Morgan’s country risk gauge fell toward about 900 basis points, dollar bonds rose as much as 6.6% and the Merval advanced in pesos and dollars.
• Agro exporters registered about 11.5 million tonnes in sales over three days, estimated at $4.18 billion, after the government temporarily scrapped export duties to spur hard‑currency inflows.
• The central bank cut its policy rate to 25% from 35%, and market sources reported Treasury purchases of roughly $100 million to support the exchange rate.
• Multilateral lenders accelerated support, with the World Bank committing about $4 billion and the IDB outlining roughly $3.9 billion, while analysts warn that election risk and external financing needs still constrain the outlook.