Newly issued Treasury securities held in stripped form increased about $2 billion in July to a total of $186.049 billion, the Bureau of the Public Debt reported Thursday.
Through the Strips — Separate Trading of Registered Interest and Principal of Securities — program, about $28.281 billion of Treasury securities were reconstituted in July, up $3.059 billion from $25.222 billion in June.
Securities eligible for stripping totaled $6.344 trillion in July, up about $34 billion from $6.310 trillion in June. Some $6.158 trillion were held in unstripped form.
The Strips program allows investors to hold and trade the individual interest and principal components of eligible Treasury notes and bonds as separate securities.
