Newly issued Treasury securities held in stripped form increased about $601 million in December to a total of $193.868 billion, the Bureau of the Public Debt reported Monday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $15.593 billion of Treasury securities were reconstituted in December, up about $1.307 billion from $14.286 billion in November.

Securities eligible for stripping totaled $9.417 trillion in December up about $86 billion from $9.331 trillion in November.

Some $9.223 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.

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