Newly issued Treasury securities held in stripped form decreased about $122.691 billion in July to a total of $213.974 billion, the Bureau of the Public Debt reported Wednesday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $16.598 billion of Treasury securities were reconstituted in July, up about $1.919 billion from $14.679 billion in June.
Securities eligible for stripping totaled $10.642 trillion in July up about $41 billion from $10.601 trillion in June.
Some $10.428 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.
