NEW YORK – Newly issued Treasury securities held in stripped form increased about $437 million in February to a total of $175.817 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $18.678 billion of Treasury securities were reconstituted in February, down about $3.670 billion from $22.348 billion in January.
Securities eligible for stripping totaled $5.629 trillion in February up about $131 billion from $5.498 trillion in January.
Some $5.453 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.
