We use wavelet analysis to examine the impact of macro-news announcements on the stock-bond correlation. Significant …

cross asset-same country return correlations i.e., the stock return correlation across countries increases at the same time … the stock and bond return correlation within each country declines. Moreover, results show that the stock and bond return …

shifting the pattern of behaviour. We show a change in the correlation between each of the three variables with stock returns …. Notably, a predominantly negative correlation with bond yields and inflation becomes positive, while the opposite is true for …