Newly issued Treasury securities held in stripped form increased about $1.188 billion in November to a total of $203.701 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $14.776 billion of Treasury securities were reconstituted in November, down about $2.607 billion from $17.383 billion in October.
Securities eligible for stripping totaled $10.091 trillion in November down about $44 billion from $10.135 trillion in October.
Some $9.888 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.