NEW YORK – Newly issued Treasury securities held in stripped form decreased about $1.059 billion in December to a total of $195.464 billion, the Bureau of the Public Debt reported Friday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $26.828 billion of Treasury securities were reconstituted in December, up about $9.846 billion from $16.983 billion in November.
Securities eligible for stripping totaled $8.346 trillion in December off about $11 billion from $8.357 trillion in November.
Some $8.151 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.
