https://pps.staisyamsululum.ac.id/-/slot-demo/

https://sister.iainmadura.ac.id/js/slot-demo-gratis/https://elearning-ppsdma.bpsdm.dephub.go.id/js/-/slot-demo/https://jdih.dprd.banjarnegarakab.go.id/common/slot-demo/http://sbh.bukittinggikota.go.id/-/slot-demo/https://jdih.pematangsiantar.go.id/db/demo-slot/https://jdih.ar-raniry.ac.id/img/slot-demo/https://unbk.darmajaya.ac.id/slot-demo/https://unbk.darmajaya.ac.id/slot-deposit-pulsa/http://pps.uindatokarama.ac.id/slot-deposit-pulsa/
The stock-bond return relation, the term structure’s slope, and asset-class risk dynamics : University of Louisville – College of Business Skip to main content

The stock-bond return relation, the term structure’s slope, and asset-class risk dynamics

Christopher T. Stivers, PhD N. Bansal R. Connolly
Journal of Financial and Quantitative Analysis. May 12, 2014

View Publication

Abstract

We study whether asset-class risk dynamics can help explain the predominantly negative stock-bond return relation and movements in the term structure’s slope over 1997–2011. Using option-derived implied volatilities to measure risk, we find i) the negative stock-bond return relation largely disappears when controlling for risk movements, at both monthly and weekly horizons; ii) the partial relation between equity-risk changes and 10-year T-bond excess returns (term-slope movements) is reliably positive (negative); and iii) a stronger link between equity risk and stock returns implies a more negative stock-bond return correlation. Our results suggest a flight-to-quality influence between equity-risk dynamics and longer-term Treasury pricing.

https://sikat.dprkpck.jatimprov.go.id/slot-gacor/

https://dkv.darmajaya.ac.id/-/slot-demo/

slot demo 2023 akun slot demo slot demo slot gacor maxwin judi online slot demo slot demo slot pulsa link slot gacor slot online slot gacor slot slot gacor slot demo slot demo slot gacor link slot gacor https://dinpermasdes.klaten.go.id/system/link/ https://polakesatu.pekalongankab.go.id/download/sgku/