U.S. Treasury STRIPS activity fall by 90 pct in July

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Bond dealers break apart, or "strip," these components for resale to investors who seek to receive a known payment on a specific future date.

These "Separate Trading of Registered Interest and Principal of Securities" (STRIPS), also known as zero-coupon securities, pay investors only when they mature.

The stripping of longer-dated Treasuries totaled $599 million last month, down from $6.7 billion in June, which was the largest for these maturities since February 2013 amid intense global demand for longer-dated U.S. bonds.

Total STRIPS outstanding fell by $427 million in July with $1.13 billion of them retired, Treasury data showed.

(Reporting by Richard Leong; Editing by Leslie Adler)