Newly issued Treasury securities held in stripped form increased about $5.475 billion in April to a total of $279.954 billion, the Bureau of the Public Debt reported Friday.

strips

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $24.713 billion of Treasury securities were reconstituted in April, up about $4.748 million from $19.965 billion in March.

Securities eligible for stripping totaled $12.344 trillion in April, up about $131 billion from $12.213 trillion in March.

Some $12.066 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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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.