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Canada long years since a higher print

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Auto-generated. This article is rebuilt from app/signals/config/signal_definitions.json by scripts/build_signals_kb.py. Edit the registry entry and re-run the script — do not edit this file directly.

Canada long years since a higher print

What it is

Canada long years since a higher print — registry key ca_long_years_since_higher.

How long since this sovereign’s long-end yield was last this high, over the full macro_series history - the per-country long-end-stress read. long-end supply-stress carrier, Phase 2 of improvements/long-end-stress.md; scoring deferred to a pre-registered study.

Data-pyramid tier

T1 — Signal. This metric sits at the signal layer of the platform’s six-tier data pyramid (T0 raw inputs → T5 actionable read). The tier reflects how far the value is from a raw measurement — not how strongly it is validated. Abstraction and validation are separate axes: a higher tier is not a claim of stronger evidence.

Horizon & validation

No validated skill horizon is on file for this metric — read it as context / a data carrier, not a validated edge. Stamps are added only when a gated research verdict lands.

Source

Source module: sovereign_yields
Data source: computed

Derived metric — produced inside the platform (app/sources/sovereign_yields.py or equivalent) rather than fetched as a raw upstream value. See the How it's computed section below for the formula.

How it’s computed

Calendar years between the trailing-one-month HIGH (max over the last 21 observations) of the macro_series ca_long series and the most recent PRIOR date STRICTLY BEFORE that window at or above it, over the full keep-forever history (Bank of Canada Valet, from 2001-01); the span from the first observation to the window-high date when it is an all-time high. Anchored on the trailing-window high (not the latest print) so a peak keeps its since-YEAR reading for ~a month. Pure function years_since_window_high (via years_since_at_or_above, app/sources/fred_macro.py) over macro_series in app/sources/sovereign_yields.py:compute_sovereign_panel.

Where it surfaces

Health-score / alignment role

Data carrier — no implication, no health-score contribution.

Persisted for downstream consumers (sparklines, base-rate matcher, calibration substrate) but does not classify into BULLISH / NEUTRAL / BEARISH and does not contribute to the 0-100 health score.

Release cadence

Recomputed each cycle from the full macro_series ca_long history.

See also