Newly issued Treasury securities held in stripped form increased about $533 million in December to a total of $215.724 billion, the Bureau of the Public Debt reported Thursday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $13.692 billion of Treasury securities were reconstituted in December, up about $4.656 billion from $9.036 billion in November.
Securities eligible for stripping totaled $11.349 trillion in December up about $62 billion from $11.287 trillion in November.
Some $11.134 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.
