prices and bond yields using fractional integration techniques. The model is estimated first over the period January 1966 … pandemic period. We find that the unit root hypothesis cannot be rejected for stock prices while for bond yields the results … differ depending on the maturity date and the specification of the error term. In general, bond yields appear to be more …

prices and bond yields using fractional integration techniques. The model is estimated first over the period January 1966 … pandemic period. We find that the unit root hypothesis cannot be rejected for stock prices while for bond yields the results … differ depending on the maturity date and the specification of the error term. In general, bond yields appear to be more …

policy uncertainties. Correlation coefficients between stock and bond returns are positively related to total policy …This paper investigates dynamic correlations of stock-bond returns for different stock indices and bond maturities …. Evidence in the US shows that stock-bond relations are time-varying and display a negative trend. The stock-bond correlations …