Newly issued Treasury securities held in stripped form increased about $3.760 billion in April to a total of $249.587 billion, the Bureau of the Public Debt reported Friday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $13.213 billion of Treasury securities were reconstituted in June, down about $3.424 billion from $16.637 billion in May.

Securities eligible for stripping totaled $11.939 trillion in June, up about $44 billion from $11.895 trillion in May.

Some $11.689 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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