NEW YORK – Newly issued Treasury securities held in stripped form decreased about $1.204 billion in May to a total of $196.396 billion, the Bureau of the Public Debt reported Wednesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.114 billion of Treasury securities were reconstituted in May, up about $6.498 billion from $20.616 billion in April.

Securities eligible for stripping totaled $8.872 trillion in May up about $96 billion from $8.778 trillion in April.

Some $8.676 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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