NEW YORK – Newly issued Treasury securities held in stripped form increased about $716 million in August to a total of $186.765 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $23.763 billion of Treasury securities were reconstituted in August, down about $4.518 billion from $28.281 billion in July.
Securities eligible for stripping totaled $6.569 trillion in August up about $225 billion from $6.344 trillion in July.
Some $6.382 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.
