coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Feb 18, 2020 15:26:04 GMT
Whatever they did recently, it's certainly seems to have adversely affected the rates on offer.
NB. I can only speak for Access and the 1 and 5 year markets, as those are the only ones I currently invest in.
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aju
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Post by aju on Feb 18, 2020 16:59:33 GMT
Whatever they did recently, it's certainly seems to have adversely affected the rates on offer.
NB. I can only speak for Access and the 1 and 5 year markets, as those are the only ones I currently invest in. I was only wondering the same thing this morning after I have spent that last 3 days trying to see why there is so much sloshing into the 1Y of late. The wall seems to be @ 4.9% (2.5M). The new products do seem to have lost about 1M on their wall since this morning so might have another look tonight to see if there are any Access opportunities ...
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Post by herringbone on Feb 18, 2020 17:58:56 GMT
I suspect it was purely routine maintenance.
Around the time of the Times article last month, and as the credit card bills were coming in after Xmas, the wall amounts plummeted and rates spiked, now they've returned to previous levels.
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aju
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Post by aju on Feb 18, 2020 18:35:44 GMT
I wondered more along the lines of they had better aligned the repayments processes with the subsequent lending processes. In other words they have either restarted everything or maybe they had aligned payment and lending on a more even balance such that there is only ever enough repayments to feed the lending queues such that it stabilises the core feeds.
Over the last hour the wall dropped to about 1.6M but now it seems to be moving upwards again. I am watching access but the Max and Plus will all move in sync with each other as they are in effect 1 queue. So what I am saying RS may have aligned the queues better so the wall is always being fed as much as it can handle until the repayments come back in.
e.g. repayments starts @ 1:00pm and take 15 mins recycling every 15 mins Lending starts 5 mins later and takes 15 mins recycling every 15 mins There could be many of these queues and there could be a fine line in queues starting/finishing. This is simplistic of course but I wonder if there being backlogs in either queues or worse many other proceses taking time is could be nightmare to get correct. I seem to remember a lot of fine tuning is required before the optimimums are reached - couple this with the lending and repayments are bound by customers and lenders as has already been commented.
Just a thought, they may have tweaked some queues to make it more or less responsive in whichever way RS wanted this to go.
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alanh
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Post by alanh on Feb 18, 2020 18:55:09 GMT
All I know is I am getting a steady stream of repayments which are now being transferred over to AC on a daily basis while I wait for the pendulum to swing the other way
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