aju
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Post by aju on Oct 31, 2019 17:08:33 GMT
Try this for the 1Y when you are logged in i'm watching it every now and then waiting to hopefully pick up something above 5% although not sure it will hit 5% today let alone above it. members.ratesetter.com/your_lending/lend_money/market_full.aspx?ID=35% is currently sitting @246k every now and then something gets sucked up but not that much as far as I can tell mind you earlier to day it was sitting at £650k so some lenders have hit it perhaps. Ok, but as i cant lend on 1 and its looking pretty good rightnow I am kind of annoyed I didnt think to get something on there before I was locked out I only ever used it a few times so kind of kicking myself right now Yeah I know what you mean on one of our accounts we missed out on the 1Y as well. All we have to do now is try and get a feel for how far one can stretch it whilst making sure we get lent out. Its bursty nature means it quite a difficult call and its not the same each day either. Very hit and miss I feel but give it a month or two we may see a pattern. For those who do have the account I'm thinking along the lines of having a £10 marker at say 6% and use that to monitor how close it is getting perhaps although its not conclusive that the money being chipped away at the £10 in 6% may not be very indicative of say the closeness for say a 5.5% punt. What I have noticed recently is that money I put on yesterday does seem to show that a comparison with the market at the same level gives one a guide to have far through the rate they might be relative to the Market figure showing in the MARKET screen.
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Stonk
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Post by Stonk on Oct 31, 2019 19:06:10 GMT
Tomorrow I'm going to call RS and ask if I can have the 1 Year market back. They claim there is no imminent plan to retire 1 Year and 5 Year, and I did used to use it from time to time, so how could they object ...
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Post by bernythedolt on Nov 1, 2019 0:22:57 GMT
[…] For those who do have the account I'm thinking along the lines of having a £10 marker at say 6% and use that to monitor how close it is getting perhaps although its not conclusive that the money being chipped away at the £10 in 6% may not be very indicative of say the closeness for say a 5.5% punt. The day before you posted this, aju , I'd actually placed eight £10 marker offers at every point in the 1yr market from 5.0% up to 5.7%. Yesterday, those offers up to and including 5.4% were matched. 5.5% to 5.7% were not touched. It demonstrates this market is peaky as you say, but the downside, as I have experienced of late, is these higher matches tend to be very short-lived, repaid early. That amounts to time wasting and I'm not interested. I guess the real art is to find the "sweet spot", the highest rate which stands half a chance of sustaining the whole year! My best guess for that currently is perhaps around 5.2% but who can say?
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aju
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Post by aju on Nov 1, 2019 0:39:41 GMT
[…] For those who do have the account I'm thinking along the lines of having a £10 marker at say 6% and use that to monitor how close it is getting perhaps although its not conclusive that the money being chipped away at the £10 in 6% may not be very indicative of say the closeness for say a 5.5% punt. The day before you posted this, aju , I'd actually placed eight £10 marker offers at every point in the 1yr market from 5.0% up to 5.7%. Yesterday, those offers up to and including 5.4% were matched. 5.5% to 5.7% were not touched. It demonstrates this market is peaky as you say, but the downside, as I have experienced of late, is these higher matches tend to be very short-lived, repaid early. That amounts to time wasting and I'm not interested. I guess the real art is to find the "sweet spot", the highest rate which stands half a chance of sustaining the whole year! My best guess for that currently is perhaps around 5.2% but who can say? I have had some loans sold out in less than a day and it's difficult keeping track of what loan has sold out. Personally I think RS should make it easy to see closed files as well as open ones. I have got a spreadsheet that can display the loans as single entities but its knowing what loan to watch. I do agree though it is a fine line and can be counter productive.
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robski
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Post by robski on Nov 1, 2019 8:20:45 GMT
I wonder if maybe some of the 1 year loans are short term bridging or something, hence why they can run for very short periods.
When I did use it there seemed to be some kind of correlation where they mainly seemed to happen (the rate spikes) during the week, and weekends seemed pretty dead
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Post by Deleted on Nov 1, 2019 8:34:46 GMT
I wonder if maybe some of the 1 year loans are short term bridging or something, hence why they can run for very short periods. When I did use it there seemed to be some kind of correlation where they mainly seemed to happen (the rate spikes) during the week, and weekends seemed pretty dead I think that's because the 1 year market is used for property loans which I imagine are added manually so only during the working week.
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robski
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Post by robski on Nov 1, 2019 9:42:25 GMT
Yeah I know, which was what made me think, that they could frequently be for very short term lending, such as bridging loans
I must admit the only times I used 1 year were when rates were high, and they never seemed to go to term as such
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jlend
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Post by jlend on Nov 1, 2019 9:58:07 GMT
Yeah I know, which was what made me think, that they could frequently be for very short term lending, such as bridging loans I must admit the only times I used 1 year were when rates were high, and they never seemed to go to term as such RS don't do Bridging loans.
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robski
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Post by robski on Nov 1, 2019 10:13:51 GMT
Yeah I know, which was what made me think, that they could frequently be for very short term lending, such as bridging loans I must admit the only times I used 1 year were when rates were high, and they never seemed to go to term as such RS don't do Bridging loans. Sure, but I am trying to refer to a terminology people will get. They clearly do some very short term loans, which frequently seem to be on the one year market.
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robski
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Post by robski on Nov 1, 2019 12:35:31 GMT
Only £55k at GR right now And no sign of repayments hitting my account so I think we will see GR++ today, just no idea how much the ++ will be
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jlend
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Post by jlend on Nov 1, 2019 12:48:16 GMT
RS don't do Bridging loans. Sure, but I am trying to refer to a terminology people will get. They clearly do some very short term loans, which frequently seem to be on the one year market. There are a number of reasons why you might see short loans on the 1 year market, for example. 1. You may pick up a secondary market loan 2. The borrower may have decided not to go ahead and the money is put back on the market 3. There may be a delay in the loan to the borrower for some reason and hence the money is put back on the market 4. The borrower has decided to pay back the loan early which they can do without incurring early repayment charges. Etc.
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Post by Deleted on Nov 1, 2019 13:29:36 GMT
Only £55k at GR right now And no sign of repayments hitting my account so I think we will see GR++ today, just no idea how much the ++ will be You can lend at 3.1/4.1/5.1 right now. £2 million in the borrowing queue (not sure if that's £2m in a combined queue or £2m in each).
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robski
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Post by robski on Nov 1, 2019 13:57:45 GMT
Sure, but I am trying to refer to a terminology people will get. They clearly do some very short term loans, which frequently seem to be on the one year market. There are a number of reasons why you might see short loans on the 1 year market, for example. 1. You may pick up a secondary market loan 2. The borrower may have decided not to go ahead and the money is put back on the market 3. There may be a delay in the loan to the borrower for some reason and hence the money is put back on the market 4. The borrower has decided to pay back the loan early which they can do without incurring early repayment charges. Etc. I know, but equally they apply to all the other categories equally and my personal experience and the feeling here I would suggest from posts people make is it affects 1 year far more frequently.
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robski
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Post by robski on Nov 1, 2019 14:00:55 GMT
Showing £2.4M at 5.1% to borrow!
Must be a bug surely?
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Stonk
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Post by Stonk on Nov 1, 2019 14:41:48 GMT
Showing £2.4M at 5.1% to borrow! Must be a bug surely?
I've never seen such a huge single borrower order.
Breaking through the GR is important. No matter how hard RS try to suppress rates and coerce people towards 3%/4%/5%, supply and demand will ultimately win.
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