NEW YORK – Newly issued Treasury securities held in stripped form increased about $3.484 billion in January to a total of $200.899 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $24.024 billion of Treasury securities were reconstituted in January, down about $15.830 billion from $39.854 billion in December.
Securities eligible for stripping totaled $7.194 trillion in January up about $114 billion from $7.080 trillion in November.
Some $6.993 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.
