Newly issued Treasury securities held in stripped form increased about $1.434 billion in November to a total of $213.719 billion, the Bureau of the Public Debt reported Thursday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $8.705 billion of Treasury securities were reconstituted in November, down about $557 million from $9.262 billion in October.
Securities eligible for stripping totaled $10.739 trillion in November off about $58 billion from $10.797 trillion in October.
Some $10.525 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.
