Correlation Analysis
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom vs Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada
IRLTLT01GBM156N vs IRSTCB01CAM156N
+0.895
Very strong positive
When one moves up, the other tends to follow.
AI Analysis
The strong correlation between the two economic series suggests that they move together closely, indicating that changes in one are likely to be reflected in the other, which can inform investment strategies or economic forecasts. Since both series often trend in the same direction and align closely over time, this synchronicity enhances their predictive power for market behavior. However, investors should remain cautious, as correlation does not imply causation, and external factors may influence these indices differently in various economic contexts.
Timing Offset
in sync
IRLTLT01GBM156N and IRSTCB01CAM156N tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.914 (13 lags scanned)
R-Squared
83.6%
Share of variance in one series explained by the other.
Trend Agreement
71.0%
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: [0.837, 0.956] (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
794
768
Normalized
794
768
Prepared
794
768
Aligned
768
768
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
26
A: 26 / B: 0
Series A
IRLTLT01GBM156N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom
FRED · 794 raw → 794 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
12
Estimated crossover points between normalized spreads.
Slope
0.8640
Linear regression slope.
Intercept
-0.5454
Linear regression intercept.
Saved 13 hours ago · ID: fred-irltlt01gbm156n-vs-fred-irstcb01cam156n-daily-20260406-sgsie3