NEW YORK – Newly issued Treasury securities held in stripped form increased about $225 million in October to a total of $194.258 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $27.699 billion of Treasury securities were reconstituted in October, down about $5.908 billion from $33.607 billion in September.
Securities eligible for stripping totaled $6.728 trillion in October up about $28 billion from $6.700 trillion in September.
Some $6.534 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.
