Newly issued Treasury securities held in stripped form increased about $3.212 billion in August to a total of $254.293 billion, the Bureau of the Public Debt reported Thursday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $15.210 billion of Treasury securities were reconstituted in August, up about $4.959 billion from $10.250 billion in July.
Securities eligible for stripping totaled $12.004 trillion in August, up about $30 billion from $11.974 trillion in July.
Some $11.750 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.
