Washington’s move ends “uncertainty about the liquidity difficulties generated by the economic program so far,” said Federico Filippini, chief economist at Adcap Grupo Financiero. “The announcement that the Treasury would be willing to directly purchase sovereign debt significantly increases the likelihood of a fall in country risk to the point that the government could issue debt in early 2026.”In addition to the swap line, Bessent said the US is “prepared to deliver” a stand-by credit from the Treasury’s ...