Overview

• U.S. Treasury Secretary Scott Bessent said he had a "very positive" call with Economy Minister Luis Caputo and invited his team to Washington in the coming days to advance financing talks.
• Bessent clarified on CNBC that the United States is not injecting cash and that the immediate instrument under discussion is a currency swap of roughly $20 billion.
• Argentine bonds initially gained on Bessent’s public support but eased after his clarification, with the peso still under pressure within its exchange-rate band.
• Options previously floated also include potential purchases of Argentine dollar bonds and a standby credit via the Exchange Stabilization Fund, though these remain unconfirmed and contingent.
• The prospective package faces scrutiny over ESF size and duration limits and opposition from some U.S. lawmakers, while a Milei–Trump White House meeting is scheduled for October 14.