NEW YORK – Newly issued Treasury securities held in stripped form decreased about $66 million in February to a total of $195.108 billion, the Bureau of the Public Debt reported Tuesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $16.976 billion of Treasury securities were reconstituted in February, off about $4.106 billion from $21.082 billion in January.
Securities eligible for stripping totaled $8.603 trillion in February up about $68 billion from $8.535 trillion in January.
Some $8.408 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.