Newly issued Treasury securities held in stripped form increased about $6.679 billion in February to a total of $200.875 billion, the Bureau of the Public Debt reported Wednesday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $16.583 billion of Treasury securities were reconstituted in February, down about $144 million from $16.727 billion in January.

Securities eligible for stripping totaled $9.559 trillion in February up about $59 billion from $9.500 trillion in December.

Some $9.358 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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