New Treasury Strips Lose $2.986 Billion in October

Newly issued Treasury securities held in stripped form decreased $2.986 billion in October to a total of $197.168 billion, the Bureau of the Public Debt reported Friday.

Through the Separate Trading of Registered Interest and Principal of Securities program, $29.305 billion of Treasury securities were reconstituted in October, up $3.324 billion from in September.

Securities eligible for stripping totaled $8.256 trillion in October, up $117 billion from September. Some $8.058 trillion were held in unstripped form.

The program allows investors to hold and trade the individual interest and principal components of eligible Treasury notes and bonds as separate securities.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER