NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.589 billion in April to a total of $179.355 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.912 billion of Treasury securities were reconstituted in April, down about $3.925 billion from $22.836 billion in March.
Securities eligible for stripping totaled $6.042 trillion in April up about $140 billion from $5.902 trillion in March.
Some $5.862 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.
