STRIPS

CFA Level I Fixed Income
#1

Hi All,

Vol. 5 p. 397

It says that STRIPS are created by the private sector. Then in the middle of the page it mentions how the STRIPS are issued through the government´s STRIPS program. So who is actually creating them?

Anyone there who works in this area?

Many thanks,

Mark

#2

STRIPS are created by the private sector using the government’s treasury instruments.