Newly issued Treasury securities held in stripped form increased about $385 million in October to a total of $202.512 billion, the Bureau of the Public Debt reported Wednesday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $17.383 billion of Treasury securities were reconstituted in October, down about $1.888 billion from $19.271 billion in September.
Securities eligible for stripping totaled $10.135 trillion in October up about $75 billion from $10.060 trillion in September.
Some $9.932 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.