Newly issued Treasury securities held in stripped form decreased about $1.197 billion in February to a total of $299.985 billion, the Bureau of the Public Debt reported Wednesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.792 billion of Treasury securities were reconstituted in February, up about $9.390 billion from $18.402 billion in January.
Securities eligible for stripping totaled $12.985 trillion in February, up about $34.858 billion from $12.950 trillion in January.
Some $12.685 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.
