The dynamic relation between stock and bond markets has been a cornerstone of financial and economic research, given its profound implications for portfolio diversification, risk management, and economic policy formulation. Understanding the nature of these relationships is particularly critical during periods of financial turbulence, when traditional correlation measures often fail to capture the complex interdependencies between asset classes. This study investigates the dynamic interactions between stock and bond markets in two pivotal economies – the United States (U.S.) and Germany (DE). By examining these relationships both within and across these economies, authors aim to shed light on the complex interdependencies that characterize these financial instruments under varying market conditions, monetary policy stances, and fiscal environments […]