Newly issued Treasury securities held in stripped form increased about $1.518 billion in December to a total of $262.102 billion, the Bureau of the Public Debt reported Friday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.280 billion of Treasury securities were reconstituted in December, off about $310 million from $27.590 billion in November.

Securities eligible for stripping totaled $12.078 trillion in December, down about $47 billion from $12.125 trillion in November.

Some $11.816 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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