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Treasury Strips Rise $328M in Jan.

Newly issued Treasury securities held in stripped form increased about $328 million in January to a total of $194.196 billion, the Bureau of the Public Debt reported Wednesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $16.727 billion of Treasury securities were reconstituted in January, up about $1.134 billion from $15.593 billion in December.

Securities eligible for stripping totaled $9.500 trillion in January up about $83 billion from $9.417 trillion in December.

Some $9.306 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.

 

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