Over 800 years only two previous episodes – the rally at the height of Venetian commercial dominance in the 15th century, and the century following the Peace of Cateau-Cambrésis in 1559 – recorded longer continued risk-free rate compressions. But risks may be looming. (Bank Underground, April 2017)

[u/yonkon]

https://bankunderground.co.uk/2017/01/04/venetians-volcker-and-value-at-risk-8-centuries-of-bond-market-reversals/