Newly issued Treasury securities held in stripped form increased about $1.5 billion in September to a total of $224.946 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 $12.244 billion of Treasury securities were reconstituted in September, down about $662 million from $12.906 billion in August.
Securities eligible for stripping totaled $11.666 trillion in September, up about $33 billion from $11.633 trillion in August.
Some $11.441 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.
