Newly issued Treasury securities held in stripped form increased about $1.269 billion in April to a total of $215.865 billion, the Bureau of the Public Debt reported Thursday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $12.257 billion of Treasury securities were reconstituted in April, off about $2.037 billion from $14.295 billion in March.
Securities eligible for stripping totaled $11.389 trillion in April, down about $95 billion from $11.430 trillion in March.
Some $11.173 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.
