Newly issued Treasury securities held in stripped form increased about $2.944 billion in February to a total of $267.178 billion, the Bureau of the Public Debt reported Tuesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $19.808 billion of Treasury securities were reconstituted in February, off about $5.632 billion from $25.440 billion in January.
Securities eligible for stripping totaled $12.254 trillion in February, up about $37 billion from $12.217 trillion in January.
Some $11.987 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.