Newly issued Treasury securities held in stripped form decreased about $2.785 billion in November to a total of $260.584 billion, the Bureau of the Public Debt reported Wednesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.590 billion of Treasury securities were reconstituted in November, up about $1.704 billion from $15.885 billion in October.
Securities eligible for stripping totaled $12.125 trillion in November, up about $36 billion from $12.089 trillion in October.
Some $11.864 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.