Newly issued Treasury securities held in stripped form increased about $8.777 billion in April to a total of $206.922 billion, the Bureau of the Public Debt reported yesterday.
Through the Separate Trading of Registered Interest and Principal of Securities program, $47.725 billion of Treasury securities were reconstituted last month, down $4.013 billion from $51.738 billion in March.
Securities eligible for stripping totaled $3.582 trillion in April, up about $43 billion from $3.539 trillion in March. Some $3.375 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.
