NEW YORK – Newly issued Treasury securities held in stripped form increased about $816 million in March to a total of $195.924 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $25.391 billion of Treasury securities were reconstituted in March, up about $8.415 billion from $16.976 billion in February.
Securities eligible for stripping totaled $8.593 trillion in March down about $10 billion from $8.603 trillion in February.
Some $8.398 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.