Newly issued Treasury securities held in stripped form decreased about $1.105 billion in December to a total of $299.318 billion, the Bureau of the Public Debt reported Monday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.425 billion of Treasury securities were reconstituted in December, down about $7.104 billion from $25.529 billion in November.
Securities eligible for stripping totaled $12.884 trillion in November, up about $89.306 billion from $12.794 trillion in November.
Some $12.586 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.
