Treasury Strips Fall $2.986 Billion in Oct.

Published November 04, 2011, 3:00 p.m. EDT

Updated November 04, 2011, 3:27 p.m. EDT

1 Min Read

NEW YORK – Newly issued Treasury securities held in stripped form decreased about $2.986 billion in October to a total of $197.168 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 $29.305 billion of Treasury securities were reconstituted in October, up about $3.324 billion from $25.981 billion in September.

Securities eligible for stripping totaled $8.256 trillion in October up about $117 billion from $8.139 trillion in September.

Some $8.058 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.

Gary Siegel

Managing Editor

Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in... Read full bio

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