Newly issued Treasury securities held in stripped form increased about $2.132 billion in January to a total of $264.234 billion, the Bureau of the Public Debt reported Friday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $25.440 billion of Treasury securities were reconstituted in January, off about $1.839 billion from $27.280 billion in December.

Securities eligible for stripping totaled $12.217 trillion in January, up about $139 billion from $12.078 trillion in December.

Some $11.953 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.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.