NEW YORK – Newly issued Treasury securities held in stripped form decreased about $1.116 billion in February to a total of $199.783 billion, the Bureau of the Public Debt reported this afternoon.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $21.701 billion of Treasury securities were reconstituted in February, down about $2.323 billion from $24.024 billion in January.
Securities eligible for stripping totaled $7.299 trillion in February up about $105 billion from $7.194 trillion in January.
Some $7.100 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.
