Newly issued Treasury securities held in stripped form increased about $6.077 billion in January to a total of $239.943 billion, the Bureau of the Public Debt reported Monday.
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Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $10.754 billion of Treasury securities were reconstituted in January, down about $5.925 billion from $16.679 billion in December.
Securities eligible for stripping totaled $11.779 trillion in January, up about $120 billion from $11.659 trillion in December.
Some $11.539 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.
