Step 1: Condition for angle bisectors.
If two pairs of lines \(x^2 - 2 a xy - y^2 = 0\) and \(x^2 - 2 b xy - y^2 = 0\) bisect each other, then the product of slopes of the lines of one pair equals -1 of the other.
Step 2: Find slopes.
Slopes of first pair: \(m_1, m_2 = a \pm \sqrt{a^2 + 1}\)
Slopes of second pair: \(m_3, m_4 = b \pm \sqrt{b^2 + 1}\)
Step 3: Angle bisector condition.
Product of slopes condition: \(ab = -1\)
Step 4: Verification.
This satisfies the property that each pair bisects angles between the other pair.
Step 5: Final conclusion.
Hence,
\[
\boxed{-1}
\]