Newly issued Treasury securities held in stripped form increased about $1.155 billion in March to a total of $301.140 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $23.798 billion of Treasury securities were reconstituted in March, down about $3.994 billion from $27.792 billion in February.
Securities eligible for stripping totaled $12.958 trillion in March, down about $26.608 billion from $12.985 trillion in February.
Some $12.657 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.
