News of treasury

Hedge funds reap gains on Argentina bets as Trump steps in

18-11-2025 15:28 Hedge funds notched bumper gains in October after a US rescue package and a resounding win for President Javier Milei’s party in midterm elections.

US-ARGENTINA SUPPORT

Bessent tells investors it’s their turn to rescue Argentina now

30-10-2025 15:21 With Bessent’s mission accomplished and Milei notching a decisive, comeback win in midterm elections that had put markets on edge for weeks, the US rescue plan for Argentina appears to be on the back burner for now.

COST OF POWER

Milei spent around US$7.4bn protecting dollar pre-election

25-10-2025 16:03 Sunday’s legislative elections come at a historic cost: President Milei’s government has used around US$7.4 billion – a figure that could rise to US$8.4 billion, including funds from US Treasury are included – to keep the peso-dollar exchange rate stable over the two months leading up to the vote. According to Banco Provincia, it is the fourth-largest foreign exchange intervention since 2003.

by Carlos Burgueño

economy

Bonds, peso rally ahead of crucial vote for Milei

23-10-2025 18:28 Argentine bonds climbed for only the second time in six sessions on Thursday, while the peso strengthened for a second day ahead of crucial midterm elections this weekend.

CURRENCY TURBULENCE

JPMorgan, Citi wade into Argentine FX to help US halt peso slide

22-10-2025 23:28 Peso snapped a five-day losing streak as Wall Street banks were active in the local currency market.

Funds and bonds

Bessent steps in to protect profits of friendly investors in Argentina

22-10-2025 17:03 US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official.

CURRENCY TURBULENCE

Peso breaks losing streak amid FX intervention

22-10-2025 13:11 Argentina's peso strengthened, snapping a five-day losing streak amid continued market intervention by both the local and US governments.

US-ARGENTINA BAILOUT

Bessent’s plan runs short on time to line up Argentina financing

21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.

CURRENCY WOES

US Treasury sells dollars to keep peso within Argentina FX band

21-10-2025 16:41 US Treasury’s efforts to shore up Argentina’s currency are part of a broader effort to stabilise the economy before President Javier Milei’s party faces midterm elections.

CURRENCY INTERVENTION

Citi sells pesos to Fed as part of US Treasury’s rescue

16-10-2025 23:32 Citigroup sold pesos to the US Federal Reserve on Thursday as part of Scott Bessent’s wide-ranging effort to buoy the currency and Javier Milei’s administration.

US BAILOUT OF ARGENTINA

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

15-10-2025 22:08 Former US Treasury secretary Lawrence Summers is "withholding judgment" on Donald Trump administration’s rescue plan for Argentina.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

US-ARGENTINA SUPPORT

Caputo says US Treasury will continue to support peso

14-10-2025 21:54 US Treasury is still finalising details of the swap line, but a decision to make it available to Argentina has already been made, Caputo told reporters in Washington.

US-ARGENTINA SUPPORT

Caputo says US willing to keep buying pesos

13-10-2025 15:07 United States “is willing to continue buying pesos and bonds, and all options are on the table,” says Economy Minister Luis Caputo.

US-ARGENTINA BAILOUT

Santander plays key role as US buys Argentine peso to back Milei

10-10-2025 13:48 When US Treasury Secretary Scott Bessent decided to buy Argentine pesos, it didn’t turn to a US bank.

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”

CURRENCY TURBULENCE

Argentine rates exceed 80% as peso crisis sparks cash crunch

09-10-2025 13:06 Short-term interest rates soar as the Milei government steps up efforts to defend the peso.

RESERVES & CURRENCY WOES

Milei running short of dollars as Argentina awaits US lifeline

07-10-2025 16:14 Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has as little as US$700 million left in its coffers.

US-ARGENTINA RELATIONS

Bessent hosts Caputo as Argentina-US rescue talks begin

06-10-2025 22:41 US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.

CURRENCY TURBULENCE

Argentina sells dollars for fifth day as Treasury drains reserves

06-10-2025 17:27 Argentina’s government sold around US$450 million in the foreign-exchange market Monday for a fifth straight session as it tried to stem a slide in the peso.

Geopolitics & finance

Bessent’s Argentina rescue pledge put to test by traders attacking peso

03-10-2025 16:58 US Treasury Secretary Scott Bessent’s record as a powerful pacifier of unruly markets is now being put to the test in Argentina.

US SUPPORT FOR MILEI

Bessent says United States ‘not putting money’ in Argentina, touts swap

02-10-2025 16:48 US Treasury Secretary Scott Bessent reiterated support for Argentina on Thursday, but later warned any aid wouldn’t involve outright US investment.

FOREIGN POLICY

US Treasury chief issues second message of support for Milei's Argentina

02-10-2025 12:03 US Treasury Secretary Scott Bessent says Washington is "fully prepared to do what is necessary" in support of Milei as he confirms Argentina is key to “maintaining a US strategic interest in the Western Hemisphere.”

CURRENCY TURBULENCE

Milei government sells dollars as peso drops for third day

01-10-2025 18:18 President Javier Milei's government sells more than US$450 million on spot market Wednesday to stem a slump in the peso.

ANALYSIS: SHOCK THERAPY

Currency arbitrage costs Milei US$2 billion a month in Argentina

01-10-2025 12:59 A temporary surge in farm-export dollars has prompted Argentines to purchase cheap greenbacks.

WASHINGTON CALLING

Bessent halts Argentina crisis as US lifeline upends short bets

25-09-2025 09:12 Speculators seeking to profit from the sell-offs racing through Argentina’s markets were stopped dead in their tracks by a powerful investor willing to take the opposite side of the trade: the US government.

INTERNATIONAL RELATIONS

US Treasury Secretary lauds Milei at midtown gala

25-09-2025 09:03 US Treasury secretary heaps praise on President, claiming he has “laid the foundation for a new golden age in Argentina.”

ECONOMIC LIFELIFE

US readies US$20-billion rescue to help Milei win in Argentina

24-09-2025 10:50 Washington plans US$20-billion currency swap with Argentina's Central Bank to boost Milei; US Treasury Secretary Scott Bessent says fresh aid a “bridge to the election,” referencing October midterms.

US-ARGENTINA RELATIONS

'We're gonna help': Trump says he will come to the rescue of struggling Argentina

24-09-2025 10:25 Markets reacted positively to Trump's show of support; US Treasury ready to "do what is needed" to help stabilise markets in Argentina

US-ARGENTINA RELATIONS

US to support Argentina with US$20-billion currency swap, bond purchases

24-09-2025 10:09 Treasury secretary says Washington in talks to support Argentina's Central Bank; Dollar-denominated bonds could also be purchased, with US investment likely to increase should next month's crucial midterms go Milei's way.

US-ARGENTINA RELATIONS

US Treasury Secretary Bessent says all options on table to help Milei’s Argentina

22-09-2025 13:40 Options include currency swap lines, direct currency repurchases and US dollar-denominated debt from the Treasury’s exchange stabilisation fund, says US Treasury Secretary Scott Bessent.

Foreign relations & diplomacy

Milei heads to New York for meetings with Trump, IMF chief

21-09-2025 08:58 Argentina’s President to attend UN General Assembly in New York, hold bilateral meetings with Donald Trump, IMF chief Kristalina Georgieva and Israeli Prime Minister Benjamin Netanyahu, among others.

US-ARGENTINA RELATIONS

Milei to meet Trump as Argentina seeks to avert market rout

21-09-2025 08:40 Javier Milei plans to meet President Donald Trump in New York on Tuesday after hinting his country is in negotiations to halt a market sell-off and avoid a debt crisis.

POLITICS & ECONOMY

Milei, asked about US Treasury talks, says negotiations advanced

20-09-2025 09:24 Financial support from Washington would provide relief to policymakers who are trying to reassure investors that Milei can sustain his austerity push after October’s midterm elections.

POLITICS & CONGRESS

Triple setback for Milei as Congress rejects vetoes

19-09-2025 00:21 Ruling party’s weakness in both chambers on full display; Overwhelmingly majority of senators reject striking down of ATN Treasury contributions bill, day after lower house lawmakers reversed vetoes on paediatric emergency and state universities.

CURRENCY WOES

Central Bank defends peso as Milei faces setbacks

17-09-2025 23:37 Central Bank steps into market to prop up the peso – first time it has since Milei administration introduced trading band in April.

ECONOMY – ANALYSIS

Argentina let peso plunge and then stepped in to contain losses

12-09-2025 11:13 Milei administration allowed peso to weaken this week, while simultaneously moving to prevent the rush out of the currency from turning into a stampede.

Analysis

Milei moves to aid peso as election roils markets

02-09-2025 17:37 Intervention is the latest bid to halt a sell-off that has rattled its financial markets.

INTERVENTION

Milei shifts course with Treasury intervention to stem peso slide

02-09-2025 14:30 Government moves to contain currency turbulence; Move comes days before key provincial election.

Foreign exchange policy

Milei to intervene in FX market as election jitters roil markets

02-09-2025 12:20 Finance Secretary Pablo Quirno says Treasury will participate in FX market to contribute to its “liquidity and normal functioning.”

ECONOMIC POLICY

Argentina boosts its scrutiny of repo loans as peso slides

26-08-2025 10:10 Argentine authorities step up scrutiny of investor activity in repo loans, short-term financial instruments that have seen interest rates touch record highs amid a liquidity crunch at banks.

BONDS & MARKETS

Argentina rolls over 61% in peso debt auction, yields soar

13-08-2025 20:00 Local debt auction falls short of market expectations as President Javier Milei’s administration rolls over just 61% of maturities in a key auction that analysts said may prompt a drop in the peso.

FOREIGN POLICY

Milei burnishes his Trump ties by hosting health chief RFK Jr

28-05-2025 11:26 Health & Human Services chief Robert F. Kennedy Jr. becomes second US Cabinet official to visit Argentina in recent weeks.

FINANCING BOOST?

Bessent signals US willingness to offer Argentina a credit line

22-04-2025 14:34 US Treasury Secretary Scott Bessent says Trump administration would be willing to offer Argentina’s government a credit line if President Javier Milei’s economic turnaround was in jeopardy.

DIPLOMATIC ROW

Chinese Embassy hits back after Bessent’s remarks in Argentina

15-04-2025 17:48 Beijing’s Embassy in Buenos Aires issues expressing “deep dissatisfaction and categorical rejection of the malicious slanders and libellous remarks” made by US Treasury Secretary Scott Bessent during visit to Buenos Aires.

US TREASURY SECRETARY

Bessent expects Argentina to be able to pay off China swap

14-04-2025 19:13 Scott Bessent hails Argentina as a free-market beacon in Latin America; US Treasury secretary said he expects Argentina to be able to pay off its swap line with China, but that US government isn’t considering providing any direct credit.

Foreign relations & diplomacy

US Treasury secretary offers 'full support' to Milei at Casa Rosada

14-04-2025 17:29 US Treasury Scott Bessent visits Buenos Aires for talks with Javier Milei, his economic team and private-sector representatives; Official tells President he wants Washington to be Argentina's "partner of choice".

US-ARGENTINA RELATIONS

US Treasury secretary offers 'full support' to Milei ahead of visit

10-04-2025 17:26 In a show of support for President Javier Milei's "bold economic reforms," US Treasury Secretary Scott Bessent will travel to Buenos Aires next week for meetings with government officials and business leaders.

NEW LEGAL BEAGLE

Santiago María Castro Videla named as new Treasury legal chief

29-01-2025 15:37 Presidential Spokesperson Manuel Adorni confirms administrative law specialist and Austral University professor Santiago María Castro Videla has been named as new Treasury attorney-general, replacing departing Rodolfo Barra.

News of treasury

Hedge funds reap gains on Argentina bets as Trump steps in

Bessent tells investors it’s their turn to rescue Argentina now

Milei spent around US$7.4bn protecting dollar pre-election

Bonds, peso rally ahead of crucial vote for Milei

JPMorgan, Citi wade into Argentine FX to help US halt peso slide

Bessent steps in to protect profits of friendly investors in Argentina

Peso breaks losing streak amid FX intervention

Bessent’s plan runs short on time to line up Argentina financing

US Treasury sells dollars to keep peso within Argentina FX band

Citi sells pesos to Fed as part of US Treasury’s rescue

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

Caputo says US Treasury will continue to support peso

Caputo says US willing to keep buying pesos

Santander plays key role as US buys Argentine peso to back Milei

Bessent’s big gamble on Argentina has a narrow road to pay off

United States buys pesos, confirms US$20-billion lifeline for Milei

Argentine rates exceed 80% as peso crisis sparks cash crunch

Milei running short of dollars as Argentina awaits US lifeline

Bessent hosts Caputo as Argentina-US rescue talks begin

Argentina sells dollars for fifth day as Treasury drains reserves

Bessent’s Argentina rescue pledge put to test by traders attacking peso

Bessent says United States ‘not putting money’ in Argentina, touts swap

US Treasury chief issues second message of support for Milei's Argentina

Milei government sells dollars as peso drops for third day

Currency arbitrage costs Milei US$2 billion a month in Argentina

Bessent halts Argentina crisis as US lifeline upends short bets

US Treasury Secretary lauds Milei at midtown gala

US readies US$20-billion rescue to help Milei win in Argentina

'We're gonna help': Trump says he will come to the rescue of struggling Argentina

US to support Argentina with US$20-billion currency swap, bond purchases

US Treasury Secretary Bessent says all options on table to help Milei’s Argentina

Milei heads to New York for meetings with Trump, IMF chief

Milei to meet Trump as Argentina seeks to avert market rout

Milei, asked about US Treasury talks, says negotiations advanced

Triple setback for Milei as Congress rejects vetoes

Central Bank defends peso as Milei faces setbacks

Argentina let peso plunge and then stepped in to contain losses

Milei moves to aid peso as election roils markets

Milei shifts course with Treasury intervention to stem peso slide

Milei to intervene in FX market as election jitters roil markets

Argentina boosts its scrutiny of repo loans as peso slides

Argentina rolls over 61% in peso debt auction, yields soar

Milei burnishes his Trump ties by hosting health chief RFK Jr

Bessent signals US willingness to offer Argentina a credit line

Chinese Embassy hits back after Bessent’s remarks in Argentina

Bessent expects Argentina to be able to pay off China swap

US Treasury secretary offers 'full support' to Milei at Casa Rosada

US Treasury secretary offers 'full support' to Milei ahead of visit

Santiago María Castro Videla named as new Treasury legal chief

Milei to delay lawmakers' vacation to push forward with his reforms

Milei’s offside trap

The Goddess of Reason returns

‘Tiny’ Tapia follows in the footsteps of ‘Don Julio’

And so it (almost) ends

La Vulgaridad Avanza para la Cámara de Diputados

Un argentino murió en Uruguay al chocar con un camión que llevaba equipos del show de Shakira

La bananización del Mal

La rebelión de los graduados

'Chiqui' Tapia juega al contragolpe: mandó foto con derechistas en la residencia de Donald Trump en Florida