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Post by davee39 on Sept 29, 2014 20:16:31 GMT
Last match at 6.4%.
Put on your sunglasses and get out the Debit Cards!
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jcb208
Member of DD Central
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Post by jcb208 on Sept 29, 2014 20:35:09 GMT
Monthly market as well got 2.9% a while back
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Post by mogzi on Sept 29, 2014 20:56:44 GMT
Last match at 6.4%. Put on your sunglasses and get out the Debit Cards! Rofl!!!
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oldgrumpy
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Post by oldgrumpy on Sept 29, 2014 21:27:58 GMT
Tempted to tickle in at 6.5%, there's not all that much in there so early in the week, but decided not to be greedy - a modest deposit at 6.4% will do for now - could even get lent out overnight.
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Post by GSV3MIaC on Sept 29, 2014 22:46:04 GMT
Only to borrowers with good eyesight, and excellent scroll-fu though. 8>. Maybe the spike is down to lenders being unable to find the 'place an order' button?
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Post by jackpease on Sept 30, 2014 6:27:54 GMT
So this morning the one year bond last matched rate is at 4.9% (yep) but there's £47k sitting in the lenders queue at 3.4%. I don't understand but i've thrown a wedge in at 4.9%.
I see one of my £1,000 orders lent during a spike has been quietly returned. On the statement it says 'cancellation of order' yet a few days later another £1,000 chunk has been recredited as 'monthly repayment' which again i don't understand.
Jack P
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gnasher
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Post by gnasher on Sept 30, 2014 6:34:15 GMT
<abbr>redacted</abbr>
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gnasher
Member of DD Central
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Likes: 146
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Post by gnasher on Sept 30, 2014 6:40:25 GMT
So this morning the one year bond last matched rate is at 4.9% (yep) but there's £47k sitting in the lenders queue at 3.4%. I don't understand but i've thrown a wedge in at 4.9%. I see one of my £1,000 orders lent during a spike has been quietly returned. On the statement it says 'cancellation of order' yet a few days later another £1,000 chunk has been recredited as 'monthly repayment' which again i don't understand. Jack P Looks like the same sort of thing as I observed in the 5yr market, see my post in the Diversification thread, where RS have placed a large wadge of auto reinvest orders at what they consider to be market rate, but is infact well below what any sane person would place an order at. Yes - very strange. It is almost as if they are trying to actively manipulate the market and flatten spikes. The auto reinvest option looks like a very bad idea to me.
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Post by westonkevRS on Sept 30, 2014 7:31:16 GMT
I find it offensive that anyone would think RateSetter would "actively manipulate the market and flatten spikes". Besides, we seem to have done a good job of "actively manipulate(d)" the market from it's range of 5-5.5% to consistently over 6% the last 3+ months. As I've said; if you can tell me who is manipulating the markets let me know as they are not very good at their job!
Kevin.
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gnasher
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Post by gnasher on Sept 30, 2014 7:42:57 GMT
I find it offensive that anyone would think RateSetter would " actively manipulate the market and flatten spikes". Besides, we seem to have done a good job of " actively manipulate(d)" the market from it's range of 5-5.5% to consistently over 6% the last 3+ months. As I've said; if you can tell me who is manipulating the markets let me know as they are not very good at their job! Kevin. Sorry Kev, did not been mean to be offensive, and I did say "almost as if", trying to indicate that it could be seen that way. For the record I am certain that Edit you RS are not actively manipulating the market. However I do not understand how that big slug of money at 6.2 in the 5 year market could be seen as being in the best interest of the lenders if was indeed done by RS on lenders behalf using their auto reinvest settings. On the other had if it was all done by lenders manually at ~5:30am i.e. 490 orders placed at 6.2% for approx £71,000 then I am indeed very sorry.
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Post by GSV3MIaC on Sept 30, 2014 11:58:18 GMT
Would be nice to have lenders names attached to market orders, as they are to FC bids? (Obviously only visible to logged in members?)
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jonbvn
Member of DD Central
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Post by jonbvn on Sept 30, 2014 15:22:13 GMT
I find it offensive that anyone would think RateSetter would " actively manipulate the market and flatten spikes". Besides, we seem to have done a good job of " actively manipulate(d)" the market from it's range of 5-5.5% to consistently over 6% the last 3+ months. As I've said; if you can tell me who is manipulating the markets let me know as they are not very good at their job! Kevin. Sorry Kev, did not been mean to be offensive, and I did say "almost as if", trying to indicate that it could be seen that way. For the record I am certain that Edit you RS are not actively manipulating the market. However I do not understand how that big slug of money at 6.2 in the 5 year market could be seen as being in the best interest of the lenders if was indeed done by RS on lenders behalf using their auto reinvest settings. On the other had if it was all done by lenders manually at ~5:30am i.e. 490 orders placed at 6.2% for approx £71,000 then I am indeed very sorry. I do not have enough information to judge if the market is being manipulated or not in the shorter term. However, in the longer term there has been an undeniable marked increase in rates to 6%+.
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c88dnf
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Post by c88dnf on Sept 30, 2014 16:00:49 GMT
The spike is presumably down to the simplest reason of all: soaring demand. Checking the rate trends chart just now I see that GBP 4 million has gone out already this week, almost twice the average daily figure. Presumably supply will catch up somewhat tomorrow as 1st of the month interest hits the charts, but for the moment demand seems to be outstripping supply. Cool!
Thinks: wonder if money supply is constrained as investors can't access the newly "improved" site? Coat, hat, door.....
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spiral
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Post by spiral on Sept 30, 2014 16:24:33 GMT
Thinks: wonder if money supply is constrained as investors can't access the newly "improved" site? Coat, hat, door..... Well this is what I was greeted with in IE. What do I press after I've entered my amount and rate? There are no buttons! I had to login in Firefox to get the order placed! Also note the overlapping text on the left.
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Post by westonkevRS on Sept 30, 2014 20:16:46 GMT
Thinks: wonder if money supply is constrained as investors can't access the newly "improved" site? Coat, hat, door..... Well this is what I was greeted with in IE. What do I press after I've entered my amount and rate? There are no buttons! I had to login in Firefox to get the order placed! Also note the overlapping text on the left. I'm no techy, but I understand only IE v9.0 upwards (which I'm led to believe is a pretty old version, with a marginal percentage of UK users) has been coded for on the new RateSetter web site. The new web site has not been "optmised" for IE v8.0 backwards. Please don't shoot the messenger if half the forum is on IE v8! The advice, update your browser...
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