Newly issued Treasury securities held in stripped form increased about $1.580 billion in February to a total of $208.615 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 $14.097 billion of Treasury securities were reconstituted in February, down about $2.210 billion from $16.307 billion in January.
Securities eligible for stripping totaled $10.354 trillion in February up about $45 billion from $10.309 trillion in January.
Some $10.146 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.
