smezz
Posts: 180 
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Post by smezz on Mar 3, 2019 20:48:45 GMT
Good point! But I'm still looking forward to Easter!!
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aju
Member of DD Central
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Post by aju on Mar 3, 2019 23:00:48 GMT
gone for me, both entries at 6.4, seems that 6.5 is moving as well @ around 11:00pm could even hit 6.6 as only 15k sitting in 6.5 ...
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smezz
Posts: 180
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Post by smezz on Mar 4, 2019 7:29:24 GMT
Missed the 6.5% (can confirm it all went) but got a bit of extra anticipatory 6.4% (aim to unwind if rates are lower over coming weeks).
Could be some opportunities this morning if repayments are as slow as usual.
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smezz
Posts: 180
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Post by smezz on Mar 4, 2019 15:34:48 GMT
None of my repayments processed yet.
small 6.4% queue cycling - trying my luck at 6.5.
Borrowing queue building up £207k atm.
Loan money total £451k.
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aju
Member of DD Central
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Post by aju on Mar 4, 2019 16:19:45 GMT
None of my repayments processed yet.
small 6.4% queue cycling - trying my luck at 6.5.
Borrowing queue building up £207k atm.
Loan money total £451k.
I'm just back after a days travelling and its still up there 6.5% seems to be the start point I poked some returned stuff into 6.6% very early this morning and it only has about 225k in front. I was waiting for some more from Zopa but I recon it might go later today before that comes along. I'm trying to build up the funds to increase the loan sizes a little by lending it at the weekends for the better rates but today is all over the place it seems. anyone know why its peaking this high all of a sudden, the P2P fin News is suggesting there might be an abundance of ISa lending this month but surely if there was more money coming in the rates would be dropping rather than increasing. My guess though is the faffing around in parliament might be people just not lending at the moment.
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smezz
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Post by smezz on Mar 4, 2019 16:33:26 GMT
There seems to be a big chunk of missing loan money.
There's usually £1.4M - 2.4M.
I guess either some big lenders have quit or the reinvestment run is having problems.
There's about £50k more loan money than my previous post but it's all 6.5% + so not auto I guess.
Borrowing queue now at £280k.
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aju
Member of DD Central
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Post by aju on Mar 4, 2019 16:57:03 GMT
As long as they don't feed too much cash in then it should go by close today at least I would have thought.
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smezz
Posts: 180
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Post by smezz on Mar 4, 2019 20:58:37 GMT
That's the end of the fun.
Some at least of the backlog money has come in and rates have dropped to 6.0%.
Got a couple at 6.5% but nothing at 6.6%. Have withdrawn the cash from the 6.6 punt.
lending total at £517k so still a lot missing.
Ooops spoke too soon - back at 6.5/6.6
only 384k on lending.
Short lived spike - back to 5.9/6.0. - someone's hand slipped on the borrowing lever!
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tyrex
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Post by tyrex on Mar 4, 2019 21:13:12 GMT
That's the end of the fun.
Some at least of the backlog money has come in and rates have dropped to 6.0%.
Got a couple at 6.5% but nothing at 6.6%. Have withdrawn the cash from the 6.6 punt.
lending total at £517k so still a lot missing.
Ooops spoke too soon - back at 6.5/6.6
only 384k on lending.
Not quite, I just reinvested a £1k early repayment at 6.5%, it had only repaid a few minutes before that as well!
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Post by df on Mar 4, 2019 21:24:51 GMT
None of my repayments processed yet.
small 6.4% queue cycling - trying my luck at 6.5.
Borrowing queue building up £207k atm.
Loan money total £451k.
Thanks for heads up. Got my 6.5% chunk within couple of hours 
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Stonk
Stonking
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Post by Stonk on Mar 4, 2019 21:30:05 GMT
It may be your last hour or so for these good rates, I think.
There are presently 2137 orders totalling £184.90 at 6.0% (yes, £184.90, not £184K). Although the main "wall" has not appeared yet, the presence of thousands of fiddling little orders is -- from what I've seen previously -- a sign that the automatic reinvestment job is under way.
I do wonder where the wall will be placed, though. Should be quite high.
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smezz
Posts: 180
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Post by smezz on Mar 4, 2019 21:41:01 GMT
I think we sometimes get zero value orders left on the queue.
They only show up when there are real ones there too.
So if there's 500 orders at £0 and nothing else on say 6% queue nothing shows up but if one at £100 is added it shows 501 orders for a total of £100.
When 100 is matched all disappear again.
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smezz
Posts: 180
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Post by smezz on Mar 4, 2019 22:51:13 GMT
5 year back to £1.1M on lending and rate at 5.4%
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Stonk
Stonking
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Post by Stonk on Mar 4, 2019 23:53:23 GMT
It may be your last hour or so for these good rates, I think.
There are presently 2137 orders totalling £184.90 at 6.0% (yes, £184.90, not £184K). Although the main "wall" has not appeared yet, the presence of thousands of fiddling little orders is -- from what I've seen previously -- a sign that the automatic reinvestment job is under way.
I do wonder where the wall will be placed, though. Should be quite high.
And there we go ... the wall is at 6.2%. It is not especially large, though: £567K.
Don't get too hung up on the "spot" lending rate shown in the box: that's just the last match and jumps around. It says 5.4% at the moment, but if you look at the full market depth you can see it's just the result of a tiny amount of matching, possibly by auto-reinvestments configured at that rate. Strip away the small volume of outliers and the true market rate at the moment is 6.2%.
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smezz
Posts: 180
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Post by smezz on Mar 5, 2019 16:27:12 GMT
I've seen a couple of 'drips' today when 6.3% had almost gone a £36k drip came in (supposedly from about 1400 individual lenders - i know you can't rely on the investor numbers).
Similar occasion later.
Either some big money has left the site or there's a big pile on the way.
Looking forward to Easter!!!
Easter will see the dumb money flooding into ISAs. Rates more likely to be 4.5% to 5% for a couple of months after April 5th.
I don't think the new tax year will be as significant as last year as far as cash inflow is concerned.
It's only meaningful for those who have used this year's £20k allowance in full.
There could be an end of March effect for those using up the last of this year's allowance.
Last year was different because of the new product.
I suppose it doesn't take a huge inflow to affect rates.
What do others think?
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