Carlyle’s Bansal Says Bonds Shed Role as Stocks’ Shock Absorber


The math tells the story, Bansal said: From 2010 to 2020, the correlation between public fixed income and equities was 0.13. That’s an indicator that those investments would tend to move in opposite directions, supporting the idea of bonds and stocks as complementary portfolio choices. But from 2020 to today, “it’s closer to 0.63,” Bansal said.



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