sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 23, 2019 21:15:40 GMT
Mod Edit: Original Thread Title prior to merge: Rolling rate 5.3 to 5.8 be quick
Got money in at all the above rates be quick
|
|
IFISAcava
Member of DD Central
Posts: 3,665
Likes: 2,989
|
Post by IFISAcava on Jun 23, 2019 21:43:58 GMT
or wait a bit - now at 6.6% again!
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 23, 2019 23:18:03 GMT
Got an average of 5.7% on my first foray into the rolling market! Worth a regular check.
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Jun 23, 2019 23:21:44 GMT
Got an average of 5.7% on my first foray into the rolling market! Worth a regular check.
I've avoided the Rolling market for a year and a half, but in my first foray back into it tonight, I've got an average 6.8%! Strange days.
|
|
smezz
Posts: 180
Likes: 73
|
Post by smezz on Jun 24, 2019 10:27:15 GMT
me too. I only managed 6.55% average (range 6.3 to 6.8).
Don't forget to set your reinvestment % - set mine to 6.8.
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 24, 2019 12:54:33 GMT
Got an average of 5.7% on my first foray into the rolling market! Worth a regular check.
I've avoided the Rolling market for a year and a half, but in my first foray back into it tonight, I've got an average 6.8%! Strange days.
Damn kept missing the 6%. Probably because you two grabbing <offensive word deleted> got them all!!
|
|
sd2
Member of DD Central
Posts: 621
Likes: 224
|
Post by sd2 on Jun 24, 2019 12:59:14 GMT
Also sold some of my 1 years off. No extra charges. Have a thousand (initial bonus offer) at 3.7%. If I put them on sale when the 1 year market is lower than 3.7% I shouldn't have any more than .3% to pay??
|
|
|
Post by Deleted on Jun 24, 2019 13:22:07 GMT
Also sold some of my 1 years off. No extra charges. Have a thousand (initial bonus offer) at 3.7%. If I put them on sale when the 1 year market is lower than 3.7% I shouldn't have any more than .3% to pay?? The early access fee is fixed at 0.3% for the 1 year market (1.5% in the 5 year market), so it doesn't matter what the current rate is.
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Jun 24, 2019 17:43:06 GMT
I've avoided the Rolling market for a year and a half, but in my first foray back into it tonight, I've got an average 6.8%! Strange days.
Damn kept missing the 6%. Probably because you two grabbing <offensive word deleted> got them all!!
Haha ... I didn't grab anything, though -- quite the opposite! I deposited some cash and offered it at 6.8%, which seemed ridiculously optimistic. Late on Sunday, someone bit. It surprised the beans out of me!
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Jun 24, 2019 17:44:44 GMT
me too. I only managed 6.55% average (range 6.3 to 6.8). Don't forget to set your reinvestment % - set mine to 6.8. I've set mine to 8% ... who knows? But the message is spot on: choose anything except Market Rate.
|
|
thedog
Member of DD Central
Posts: 105
Likes: 111
|
Post by thedog on Jun 24, 2019 17:48:58 GMT
Does anyone who knows more about RS than I do have a view on why rates are behaving in the way they have been recently?
Specifically is anyone concerned it indicates something problematic?
|
|
Stonk
Stonking
Posts: 735
Likes: 658
|
Post by Stonk on Jun 24, 2019 18:32:38 GMT
Does anyone who knows more about RS than I do have a view on why rates are behaving in the way they have been recently?
Specifically is anyone concerned it indicates something problematic?
For as long as I can remember there have been spikes in rates available to those watching closely. I don't consider it a sign of a major systemic problem.
Usually it is quite simply a matter of supply and demand. Last weekend, and the weekend before, the Rolling market almost ran out of lender money (couple of hundred £K), while there seemed to be a constant flow of borrower demand. What little lender money there was, was in orders at high rates -- the lower orders having already been matched. Naturally the subsequent matches tended to be at high rates.
RS seem to have a certain amount of freedom in moving demand between markets, but perhaps they do less of it at weekends. Rolling seems to be more liquid and better balanced during the week.
|
|
|
Post by carrdelling on Jun 24, 2019 18:40:36 GMT
Does anyone who knows more about RS than I do have a view on why rates are behaving in the way they have been recently?
Specifically is anyone concerned it indicates something problematic?
My best guesses: 1) A large group of investors may have left the platform "temporarily" until the rates recovered from the 2019-2020 ISA season (rates have been pretty low since April due to the market having to absorb all the new ISA contributions). Until they come back, that's a flow of money for lending that is missing. 2) RS explained already - a few months ago, IIRC - that they were having liquidity problems in the rolling market (and so they were going to start introducing 1-year loans on it, or something like that.) If you add 1) (investors not coming for a while) + 2) Lack of liquidity, you can expect shortages like the one we have seen this weekend. And hence, the rates grow.
|
|
thedog
Member of DD Central
Posts: 105
Likes: 111
|
Post by thedog on Jun 24, 2019 18:41:35 GMT
Cheers, v useful to know it's not just a recent occurance. I've only started to watch closely in the last few weeks but have learned it certainly pays dividends. Now it I can just get rid of the 3%ers I picked up when I was on "market rate"..... Thanks
|
|
smezz
Posts: 180
Likes: 73
|
Post by smezz on Jun 24, 2019 20:25:49 GMT
I think a lot of new money has come into the 5 year over the last few weekends when you have been able to get 5.9% almost immediately. Approx as much comes in as is lent out.
Before the flood of money just before the new financial year the rates would reach mid to late 6% on Sun / Mon morning but the above means this is now muted.
A lot of the 'flood' hung around for a few months then disappeared. Think the money referred to in line 1 is some of this coming back.
We might get back to 'normal' once this has dried up.
The Rolling just seems to get short of lenders every so often and RS are slow to respond on a w/e.
|
|