Newly issued Treasury securities held in stripped form decreased about $153 million in May to a total of $215.712 billion, the Bureau of the Public Debt reported Monday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $11.514 billion of Treasury securities were reconstituted in May, off about $743 million from $12.257 billion in April.
Securities eligible for stripping totaled $11.535 trillion in May, down about $146 billion from $11.389 trillion in April.
Some $11.319 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.
