Newly issued Treasury securities held in stripped form increased about $85 million in March to a total of $241.146 billion, the Bureau of the Public Debt reported Monday.
Through the Separate Trading of Registered Interest and Principal of Securities program, STRIPS, about $17.141 billion of Treasury securities were reconstituted in March, up about $5.308 billion from $11.832 billion in February.
Securities eligible for stripping totaled $11.859 trillion in March, up about $49 billion from $11.810 trillion in February.
Some $11.618 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.