NEW YORK – Newly issued Treasury securities held in stripped form decreased about $493 million in December to a total of $197.414 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $39.854 billion of Treasury securities were reconstituted in December, up about $6.121 billion from $33.733 billion in November.
Securities eligible for stripping totaled $7.080 trillion in December up about $117 billion from $6.963 trillion in November.
Some $6.883 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.
