Newly issued Treasury securities held in stripped form increased about $5.881 billion in April to a total of $283.836 billion, the Bureau of the Public Debt reported Wednesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.389 billion of Treasury securities were reconstituted in May, up about $2.676 million from $24.713 billion in April.

Securities eligible for stripping totaled $12.402 trillion in May, up about $58 billion from $12.344 trillion in April.

Some $12.118 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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