Newly issued Treasury securities held in stripped form decreased about $1.590 billion in March to a total of $207.025 billion, the Bureau of the Public Debt reported Friday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $19.334 billion of Treasury securities were reconstituted in March, up about $5.237 billion from $14.097 billion in February.
Securities eligible for stripping totaled $10.427 trillion in March up about $74 billion from $10.354 trillion in February.
Some $10.220 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.
