Newly issued Treasury securities held in stripped form increased about $4.692 billion in October to a total of $229.637 billion, the Bureau of the Public Debt reported Friday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $10.363 billion of Treasury securities were reconstituted in October, down about $1.881 billion from $12.244 billion in September.
Securities eligible for stripping totaled $11.695 trillion in October, up about $29 billion from $11.666 trillion in September.
Some $11.465 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.
