Jan. Treasury STRIPS rise, as eligible securities gain

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Newly issued Treasury securities held in stripped form increased about $2.97 billion in January to a total of $301.182 billion, the Bureau of the Public Debt reported Wednesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.402 billion of Treasury securities were reconstituted in January, down about $23.251 million from $18.425 billion in December.

Securities eligible for stripping totaled $12.950 trillion in January, up about $65.993 billion from $12.884 trillion in December.

Some $12.649 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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