Newly issued Treasury securities held in stripped form decreased about $2.210 billion in November to a total of $299.318 billion, the Bureau of the Public Debt reported Friday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $25.529 billion of Treasury securities were reconstituted in November, down about $14.956 billion from $40.486 billion in October.
Securities eligible for stripping totaled $12.794 trillion in November, up about $51.534 billion from $12.743 trillion in October.
Some $12.495 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.
