Treasury Strips Fall $1.351B in March

Newly issued Treasury securities held in stripped form decreased about $1.351 billion in March to a total of $199.524 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $21.993 billion of Treasury securities were reconstituted in March, up about $5.419 billion from $16.583 billion in February.

Securities eligible for stripping totaled $9.543 trillion in March down about $16 billion from $9.559 trillion in February.

Some $9.342 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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