Newly issued Treasury securities held in stripped form decreased about $669 million in April to a total of $198.855 billion, the Bureau of the Public Debt reported Monday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $16.662 billion of Treasury securities were reconstituted in April, down about $5.331 billion from $21.993 billion in March.
Securities eligible for stripping totaled $9.715 trillion in April up about $172 billion from $9.543 trillion in March.
Some $9.516 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.
