NEW YORK – Newly issued Treasury securities held in stripped form increased about $1.676 billion in April to a total of $197.600 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $20.616 billion of Treasury securities were reconstituted in April, down about $4.776 billion from $25.392 billion in March.

Securities eligible for stripping totaled $8.778 trillion in April up about $185 billion from $8.593 trillion in March.

Some $8.581 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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