Here’s what 710 years’ worth of Italian bond market data is showing about central banks’ ‘crushing rates’
October 12, 2020 at 10:56 AM EDT
As this chart from Deutsche Bank shows, the yield on the Italian 10-year is lower than it was even before Italy became a country. Deutsche Bank strategist Jim Reid attached proxies for Italian debt, such as from Naples, to chart pre-1861 data.