US Treasury launches 30-year TIPS in record refunding

WASHINGTON, Nov 4 (Reuters) - The U.S. Treasury on Wednesday announced a record $81 billion quarterly debt refunding and said it would replace its 20-year inflation indexed note with a 30-year version.

The Treasury said it was considering more frequent auctions of its Treasury Inflation-Protected Securities after its borrowing advisory committee recommended additional TIPS issuance.

The Treasury said next week it will sell $40 billion of 3-year notes, $25 billion of 10-year notes and $16 billion of 30-year bonds. The auctions will refund about $38.5 billion of privately held securities maturing or called on Nov. 15 and raise about $42.5 billion in new cash.