Correlation Analysis
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Canada vs Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
IRLTLT01CAM156N vs IRSTCB01CAM156N
+0.943
Very strong positive
When one moves up, the other tends to follow.
AI Analysis
The strong correlation between Series A and Series B indicates that these economic indicators generally move together, suggesting that trends in one series can be reliably used to anticipate movements in the other. The high level of alignment over time, with most periods reflecting similar directional changes, enhances their practical significance for investors and economists alike. However, while the data shows they are in sync, it's essential to consider any external factors that could influence these series differently, and to be aware that correlation does not imply causation.
Timing Offset
in sync
IRLTLT01CAM156N and IRSTCB01CAM156N tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.941 (13 lags scanned)
R-Squared
88.5%
Share of variance in one series explained by the other.
Trend Agreement
80.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
768
Deep shared window — 768 usable pairs.
Significance
p < 0.001
95% CI: [0.886, 0.970] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
768 paired observations survived the daily window.
Raw input
854
768
Normalized
854
768
Prepared
854
768
Aligned
768
768
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
86
A: 86 / B: 0
Series A
IRLTLT01CAM156N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Canada
FRED · 854 raw → 854 prepared
Series B
IRSTCB01CAM156N
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
FRED · 768 raw → 768 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
14
Estimated crossover points between normalized spreads.
Slope
1.0512
Linear regression slope.
Intercept
-1.1721
Linear regression intercept.
Saved 13 hours ago · ID: fred-irltlt01cam156n-vs-fred-irstcb01cam156n-daily-20260406-83gh1z