Get Ready for the Biggest 10-Year Treasury Auction Ever: Chart
This article is for subscribers only.
The U.S. is set to sell $26 billion of 2028 notes Wednesday, the largest auction of 10-year Treasuries ever and eclipsing the previous record of $25 billion, first set in 2009. The sale follows last week’s quarterly refunding announcement, which saw the Treasury once again amp up issuance plans to finance the widening federal budget deficit.