The BOT, Treasury Bills, has always been the preferred title by the Italians to park cash. At the last auction has offered a good annual return equal to 0.951%. In the face of an import of 6.5 billion offer, fully allocated, the request is amounted to over 10bn euros.
Many may ask why such high demands of Treasury bills even if the title has a yield very low compared to the returns of past years. The answer to this question is quite complex, but let's discuss the main ...