Treasury Strips Up $4.187B in Nov.

Newly issued Treasury securities held in stripped form increased about $4.187 billion in November to a total of $233.825 billion, the Bureau of the Public Debt reported Tuesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.132 billion of Treasury securities were reconstituted in November, up about $7.769 billion from $10.363 billion in October.

Securities eligible for stripping totaled $11.713 trillion in November, up about $18 billion from $11.695 trillion in October.

Some $11.480 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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