Newly issued Treasury securities held in stripped form increased about $955 million in December to a total of $204.656 billion, the Bureau of the Public Debt reported Tuesday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $21.008 billion of Treasury securities were reconstituted in December, up about $6.232 billion from $14.776 billion in November.
Securities eligible for stripping totaled $10.262 trillion in December up about $171 billion from $10.091 trillion in November.
Some $10.058 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.
