NEW YORK – Newly issued Treasury securities held in stripped form decreased about $1.587 billion in September to a total of $200.153 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $25.981 billion of Treasury securities were reconstituted in September, down about $7.049 billion from $33.930 billion in August.
Securities eligible for stripping totaled $8.139 trillion in September up about $119 billion from $8.020 trillion in August.
Some $7.938 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.
