Part 2/11:
T-bills, which are short-term government-backed securities with maturities of 6 or 12 months, have historically offered modest yields. A decade ago, their returns were typically below 1%. However, in recent times, yields have climbed significantly—peaking near 4% and currently hovering around 3.7%. This jump reflects the attractiveness of short-term securities amidst a rising interest rate environment, prompting investors to shift their savings into these instruments to capitalize on higher returns.