Newly issued Treasury securities held in stripped form increased about $7 billion in October to a total of $263.368 billion, the Bureau of the Public Debt reported Monday.

Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $15.885 billion of Treasury securities were reconstituted in October, down about $7.186 billion from $23.071 billion in September.

Securities eligible for stripping totaled $12.089 trillion in October, up about $137 billion from $11.953 trillion in September.

Some $11.826 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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