---
title: When Diversification Fades: a Firm Level Perspective of Stock and Corporate Bond Correlations
url: https://www.ml-quant.com/papers/repec/bfr-banfra-1065/
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:bfr:banfra:1065
source_url: https://econpapers.repec.org/RePEc:bfr:banfra:1065
featured: 2026-10-23
citations: unknown
topic: Asset Pricing & Factors
---


# When Diversification Fades: a Firm Level Perspective of Stock and Corporate Bond Correlations

A matched-issuer study finds euro-area stock-bond correlations have trended toward zero since 2009, with discount rates driving co-movement but financial stress effects weakening in high-inflation periods.

- Source: https://econpapers.repec.org/RePEc:bfr:banfra:1065
- Identifier: RePEc:bfr:banfra:1065
- Released: 2026-10-21
- 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: Asset Pricing & Factors
- Authors: Linas Jurkšas, Julien Idier

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