NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.68 billion in December to a total of $173.416 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $25.726 billion of Treasury securities were reconstituted in December, down about $1.035 billion from $26.762 billion in November.
Securities eligible for stripping totaled $5.467 trillion in December up about $154 billion from $5.312 trillion in November.
Some $5.294 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.
