---
title: Beyond fragmentation: unraveling the drivers of yield divergence in the euro area
url: https://www.ml-quant.com/papers/repec/bde-wpaper-2520/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-23
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:bde:wpaper:2520
source_url: https://econpapers.repec.org/RePEc:bde:wpaper:2520
featured: 2026-10-23
citations: unknown
topic: Macro-Finance & Rates
---


# Beyond fragmentation: unraveling the drivers of yield divergence in the euro area

Research develops a high-frequency fragmentation index decomposing euro-area sovereign yields into common, market-driven, and fundamental components, showing Transmission Protection Instrument effectiveness.

- Source: https://econpapers.repec.org/RePEc:bde:wpaper:2520
- Identifier: RePEc:bde:wpaper:2520
- Released: 2026-10-19
- First featured: Quant Letter No. 136 (2026-10-23): https://www.ml-quant.com/issues/2026-10-23/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Alicia Aguilar

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