NEW YORK – Newly issued Treasury securities held in stripped form increased about $3.649 billion in November to a total of $197.907 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $33.733 billion of Treasury securities were reconstituted in November, up about $6.034 billion from $27.699 billion in October.
Securities eligible for stripping totaled $6.963 trillion in November up about $235 billion from $6.728 trillion in October.
Some $6.765 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.
