sb
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Post by sb on Jul 25, 2017 8:36:29 GMT
Are we going to see 10% on the rolling market today?
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puddleduck
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Post by puddleduck on Jul 25, 2017 8:56:24 GMT
I have 22 days to go until my bonus, so put something onto Rolling at 3.6% and got a fully matched order at 22.14pm
But this morning I noticed it had been repaid already - the money seemed to have been on loan for no more than 1.5 hours before being repaid!
Down to 3.2% again at the moment (which is far too low for me personally)
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Post by nesako on Jul 25, 2017 9:34:14 GMT
I set a "realistic" bid of 3.9%, it may be possible to get a match way above this given current loan book, but with a massive chance of an early repayment within hours...
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oik
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Post by oik on Jul 25, 2017 10:43:42 GMT
But this morning I noticed it had been repaid already - the money seemed to have been on loan for no more than 1.5 hours before being repaid! Those mysterious "borrowers" are a fickle bunch.
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ding
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Post by ding on Jul 25, 2017 11:07:12 GMT
Borrower queue is at 1.1m
I got the impression that later in the day RS would match where it could all the way up the lender queue. Before that was a 1 or 2 tenths of a percent, now it would be 5.6%.
Does the borrow actually need to accept the higher lender rate (less some percentage for RS cut)? If so lenders are not going to pay 4%+ (assuming they can get 3% elsewhere).
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jlend
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Post by jlend on Jul 25, 2017 11:19:13 GMT
Borrower queue is at 1.1m I got the impression that later in the day RS would match where it could all the way up the lender queue. Before that was a 1 or 2 tenths of a percent, now it would be 5.6%. Does the borrow actually need to accept the higher lender rate (less some percentage for RS cut)? If so lenders are not going to pay 4%+ (assuming they can get 3% elsewhere). Most of these will be existing loans rolling over rather than new loans I would expect. The borrowers will be paying a fixed rate. The delta in rates is managed by ratesetter.
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puddleduck
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Post by puddleduck on Jul 25, 2017 11:21:31 GMT
But this morning I noticed it had been repaid already - the money seemed to have been on loan for no more than 1.5 hours before being repaid! Those mysterious "borrowers" are a fickle bunch. I imagine RS managed to get the same slice of money at a lower rate, so paid me off from a cheaper borrower. Sometimes I feel P2P has a whiff of ponzi about it.....
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oldgrumpy
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Post by oldgrumpy on Jul 25, 2017 12:40:42 GMT
Ooo look. £200K lender money has suddenly appeared at 3.3%! That'll knock down the best I can get today to about 4%.
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sb
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Post by sb on Jul 25, 2017 12:46:26 GMT
Ooo look. £200K lender money has suddenly appeared at 3.3%! That'll knock down the best I can get today to about 4%. There is always tomorrow.
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Post by nesako on Jul 25, 2017 13:56:41 GMT
Yeah 2 orders totalling 223K.... someone checked under their mattress?
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jlend
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Post by jlend on Jul 25, 2017 14:18:38 GMT
Yeah 2 orders totalling 223K.... someone checked under their mattress? I think we'll see more of this over the next few weeks in order to maintain liquidity on the rolling market before things settle down again I am sure it's not Ratesetter (RMM Ltd) money - they haven't hid the fact that they can call on "friendly lenders" to help manage liquidity in the past though
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Post by fiatlender on Jul 25, 2017 14:19:36 GMT
Notice too, how RS has not initiated the usual 12:30pm borrower matching run, hence the market rate will be lower tommorrow than would have been.
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Post by GSV3MIaC on Jul 25, 2017 14:21:32 GMT
/moderator hat off ..
But I suspect this might continue to 'not impress' the FCA .. too much market manipulation, borrow-short-lend-long, and suchlike .. plus the 'nobody lost a £ yet' PF (pooled risk) ..
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m2btj
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Post by m2btj on Jul 25, 2017 16:26:09 GMT
We may need to change the title of this thread to: How High Can These Rates Go?
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ashtondav
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Post by ashtondav on Jul 26, 2017 6:18:11 GMT
We may need to change the title of this thread to: How High Can These Rates Go?
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