UPDATE 1-US buys more Argentine pesos, working on $20 billion debt facility, Bessent says

The U.S. again purchased Argentine pesos in the open market on Wednesday, Treasury Secretary Scott Bessent told reporters, adding that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bessent said during a press conference that the facility would sit alongside a new $20 billion U.S. currency swap line for Argentina, providing a total of $40 billion in support for Latin America's third-largest economy. Bessent did not provide details of the peso operation, which follows an initial U.S. purchase on October 9. He also clarified that the U.S. would continue to support Argentina financially as long as President Javier Milei's government pursues "good policies," regardless of the outcome of a par