Under the STRIP program created by the Treasury, stripped securities are created and sold by the Treasury.

Name: Under the STRIP program created by the Treasury, stripped securities are created and sold by the Treasury.
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Under the STRIP program, stripped securities are not created and sold directly by the Treasury; instead, financial institutions purchase Treasury securities and then strip them into principal and interest components, which are then sold separately to investors.

Under the STRIP Program Created by the Treasury, Stripped Securities