Sept. Treasury STRIPS rise, as eligible securities slip

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Newly issued Treasury securities held in stripped form increased about $1.35 billion in September to a total of $289.300 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $22.220 billion of Treasury securities were reconstituted in September, off about $1.854 billion from $24.073 billion in August.

Securities eligible for stripping totaled $12.566 trillion in September, down about $32 billion from $12.598 trillion in August.

Some $12.277 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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