NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.250 billion in May to a total of $205.216 billion, the Bureau of the Public Debt reported this afternoon.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $26.902 billion of Treasury securities were reconstituted in May, up about $3.950 billion from $21.952 billion in April.
Securities eligible for stripping totaled $7.673 trillion in May up about $245 billion from $7.429 trillion in April.
Some $7.468 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.
