Thus the Italian banks return to stock up on BTp (and to earn)

When it comes to lending a hand to the Treasury the Italian banks they have almost always been found ready to answer the call. Often they actually did it by managing to combine duty with profit, understood as capital gains realized on BTp which then became the protagonists of frenzied chases on the markets. The month of February, in this respect, it certainly does not seem to have interrupted the custom.

For the Italian banks, the BTp portfolio is at its highest since October

In fact, the data published by the ECB show how in one month …