Newly issued Treasury securities held in stripped form increased about $1.103 billion in January to a total of $216.827 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $14.032 billion of Treasury securities were reconstituted in January, up about $340 million from $13.692 billion in December.
Securities eligible for stripping totaled $11.300 trillion in January, down about $49 billion from $11.349 trillion in December.
Some $11.083 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.
