Treasury Strips Fall $644 Million in Nov.

Published December 06, 2011, 3:00 p.m. EST

Updated December 06, 2011, 3:07 p.m. EST

1 Min Read

NEW YORK – Newly issued Treasury securities held in stripped form decreased about $644 million in November to a total of $196.524 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 $16.983 billion of Treasury securities were reconstituted in November, down about $12.322 billion from $29.305 billion in October.

Securities eligible for stripping totaled $8.357 trillion in November up about $101 billion from $8.256 trillion in October.

Some $8.161 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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