Newly issued Treasury securities held in stripped form increased about $1.494 billion in July to a total of $251.081 billion, the Bureau of the Public Debt reported Friday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $10.251 billion of Treasury securities were reconstituted in July, down about $2.961 billion from $13.212 billion in June.

Securities eligible for stripping totaled $11.974 trillion in July, up about $35 billion from $11.939 trillion in June.

Some $11.723 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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