Newly issued Treasury securities held in stripped form increased about $12.227 billion in October to a total of $301.528 billion, the Bureau of the Public Debt reported Tuesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $40.486 billion of Treasury securities were reconstituted in October, up about $18.266 billion from $22.220 billion in September.
Securities eligible for stripping totaled $12.743 trillion in October, up about $177 billion from $12.566 trillion in September.
Some $12.442 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.
