Our standard stress tests often assume a diversification benefit between equities and government bonds. In a severe 'stagflation' scenario, what happens to this correlation, and how would it impact our Stressed VaR (SVaR)?

我们标准的压力测试通常假设股票和国债之间存在分散化收益（负相关）。但在严重的‘滞胀’情景下，这种相关性会发生什么变化？它将如何影响我们的压力VaR（SVaR）？