Newly issued Treasury securities held in stripped form increased about $1.119 billion in February to a total of $241.062 billion, the Bureau of the Public Debt reported Monday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $11.832 billion of Treasury securities were reconstituted in February, up about $1.078 billion from $10.754 billion in January.
Securities eligible for stripping totaled $11.779 trillion in February, up about $3 billion from $11.779 trillion in January.
Some $11.569 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.
