Newly issued Treasury securities held in stripped form decreased about $1.773 billion in November to a total of $193.267 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $14.286 billion of Treasury securities were reconstituted in November, off about $2.272 million from $16.558 billion in October.
Securities eligible for stripping totaled $9.331 trillion in November up about $83 billion from $9.258 trillion in October.
Some $9.137 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.