Newly issued Treasury securities held in stripped form increased about $2.145 billion in April to a total of $243.291 billion, the Bureau of the Public Debt reported Thursday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $11.085 billion of Treasury securities were reconstituted in April, down about $6.056 billion from $17.141 billion in March.

Securities eligible for stripping totaled $11.763 trillion in April, off about $96 billion from $11.859 trillion in March.

Some $11.520 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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