Newly issued Treasury securities held in stripped form increased about $1.584 billion in July to a total of $288.834 billion, the Bureau of the Public Debt reported Monday.

Treasury Separate Trading of Registered Interest and Principal of Securities

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $15.225 billion of Treasury securities were reconstituted in July, down about $9.063 million from $24.288 billion in June.

Securities eligible for stripping totaled $12.535 trillion in July, up about $174 billion from $12.361 trillion in June.

Some $12.246 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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