Newly issued Treasury securities held in stripped form increased about $5.302 billion in February to a total of $272.479 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $19.965 billion of Treasury securities were reconstituted in March, up about $15 million from $19.808 billion in February.

Securities eligible for stripping totaled $12.213 trillion in March, down about $42 billion from $12.254 trillion in February.

Some $11.940 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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