NEW YORK – Newly issued Treasury securities held in stripped form decreased about $290.6 million in January to a total of $195.174 billion, the Bureau of the Public Debt reported Monday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $21.082 billion of Treasury securities were reconstituted in January, off about $5.746 billion from $26.828 billion in December.

Securities eligible for stripping totaled $8.535 trillion in January off about $189 billion from $8.346 trillion in December.

Some $8.340 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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