Newly issued Treasury securities held in stripped form decreased about $423 million in October to a total of $212.285 billion, the Bureau of the Public Debt reported Thursday.
Processing Content
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $9.262 billion of Treasury securities were reconstituted in October, down about $957 million from $10.219 billion in September.
Securities eligible for stripping totaled $10.797 trillion in October up about $50 billion from $10.747 trillion in September.
Some $10.585 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.
