NEW YORK – Newly issued Treasury securities held in stripped form increased about $7.268 million in September to a total of $194.033 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $33.607 billion of Treasury securities were reconstituted in September, up about $9.845 billion from $23.763 billion in August.
Securities eligible for stripping totaled $6.700 trillion in August up about $431 billion from $6.569 trillion in August.
Some $6.506 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.
