Newly issued Treasury securities held in stripped form decreased about $3.041 billion in June to a total of $193.356 billion, the Bureau of the Public Debt reported Wednesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $26.816 billion of Treasury securities were reconstituted in June, off about $298 million from $27.114 billion in May.
Securities eligible for stripping totaled $8.860 trillion in June down about $12 billion from $8.872 trillion in April.
Some $8.667 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.