NEW YORK – Newly issued Treasury securities held in stripped form decreased about $759 million in September to a total of $173.825 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.474 billion of Treasury securities were reconstituted in September, up about $4.194 billion from $23.280 billion in August.
Securities eligible for stripping totaled $5.005 trillion in September up about $146 billion from $4.859 trillion in August.
Some $4.831 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.
