US Treasury Resumes 30-year TIPS In Record Refunding

The U.S. Treasury on Wednesday announced a record $81 billion quarterly debt refunding and will replace its 20-year inflation-indexed note with a 30-year version as it seeks to lengthen maturities.

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