NEW YORK – Newly issued Treasury securities held in stripped form decreased about $845 million in March to a total of $198.938 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.946 billion of Treasury securities were reconstituted in March, up about $6.245 billion from $21.701 billion in February.
Securities eligible for stripping totaled $7.424 trillion in March up about $124 billion from $7.299 trillion in February.
Some $7.225 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.
