adrian77
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Post by adrian77 on Aug 5, 2020 19:22:08 GMT
at least this is going up which is good- however can't see much evidence of this going to the Acess queue but hopefully once the other queues come down...
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 5, 2020 22:35:29 GMT
well at the end of the day they are releasing when others haven't. it's tough trading and they keep going. it might not be our money so we get annoyed but near 80 million pounds have gone back to people and they will be pleased and relieved. as long as they keep going as best they can its a pretty solid effort.
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robski
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Post by robski on Aug 6, 2020 7:57:07 GMT
£600k in APM at GR, might be some spare here £370k in 5yr at 6% so assume we will roughly see £400k in 5 yr today
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robski
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Post by robski on Aug 6, 2020 14:16:02 GMT
So as of now i think 5yr released £0.3M today
APM much harder to follow, there was £600k and a large borrower lump for £400k+ The 3% (A market) seems to be being whittled away, maybe some RYI but if so not that much
I think unless they do some more RYI in 5 year we will be looking at another £0.3-0.4M day, assuming nothing significant in 1 year of course
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Post by vv on Aug 6, 2020 14:25:07 GMT
So as of now i think 5yr released £0.3M today APM much harder to follow, there was £600k and a large borrower lump for £400k+ The 3% (A market) seems to be being whittled away, maybe some RYI but if so not that much I think unless they do some more RYI in 5 year we will be looking at another £0.3-0.4M day, assuming nothing significant in 1 year of course I was just about to say nothing has happened in the 1 year queue for a couple of weeks but I have just checked and there is 200k in the Borrower queue. No telling whether thats RYI?
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aju
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Post by aju on Aug 6, 2020 14:31:00 GMT
So as of now i think 5yr released £0.3M today APM much harder to follow, there was £600k and a large borrower lump for £400k+ The 3% (A market) seems to be being whittled away, maybe some RYI but if so not that much I think unless they do some more RYI in 5 year we will be looking at another £0.3-0.4M day, assuming nothing significant in 1 year of course I was just about to say nothing has happened in the 1 year queue for a couple of weeks but I have just checked and there is 200k in the Borrower queue. No telling whether thats RYI? I see it too but surely borrower money means that they need a lender to service the loan to the borrower. Its money that needs a lender to service the loan. That said it would redirect relend money that also competes with RYI requests. I feel RS would prioritise a borrower over RYI. I'm sure others have a better handle on this than me but borrowers need their money and RS has a contract to supply them, Edit: Chris was writing as I was answering.
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chris1200
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Post by chris1200 on Aug 6, 2020 14:33:51 GMT
I was just about to say nothing has happened in the 1 year queue for a couple of weeks but I have just checked and there is 200k in the Borrower queue. No telling whether thats RYI? How much tends to appear roughly in the Investor column on the 1 Year market each day?
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Post by vv on Aug 6, 2020 14:37:34 GMT
I was just about to say nothing has happened in the 1 year queue for a couple of weeks but I have just checked and there is 200k in the Borrower queue. No telling whether thats RYI? How much tends to appear roughly in the Investor column on the 1 Year market each day? Currently 600k. Will make more of an effort to check over the next few days if the market is going to start moving again.
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aju
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Post by aju on Aug 6, 2020 14:46:00 GMT
How much tends to appear roughly in the Investor column on the 1 Year market each day? Currently 600k. Will make more of an effort to check over the next few days if the market is going to start moving again. You know in the days before the covid exodus and also metro loomed it would be very tempting to punt £1000 or so into that market @5.5% okay it's really 2.75% in current terms and it would last for 1Y. Just a thought of course. I'll let others riskit now though.
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chris1200
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Post by chris1200 on Aug 6, 2020 14:49:20 GMT
Currently 600k. Will make more of an effort to check over the next few days if the market is going to start moving again. Cheers - interesting to know that it's quite a big number. So definitely a fair amount of new lending still happening from 1 Year too (which obviously makes sense given the recent movement - or lack thereof - in the RYI queue, as per A/P/M).
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Post by RateSetter on Aug 6, 2020 16:10:06 GMT
Good afternoon everyone. Today we have delivered £0.3m. The full update is below:
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aju
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Post by aju on Aug 6, 2020 16:19:17 GMT
Currently 600k. Will make more of an effort to check over the next few days if the market is going to start moving again. Cheers - interesting to know that it's quite a big number. So definitely a fair amount of new lending still happening from 1 Year too (which obviously makes sense given the recent movement - or lack thereof - in the RYI queue, as per A/P/M). Still a big number but there is 100k sitting at the 8%(44k) and 10%(70k) max relend marker points which indicates to me that there maybe quite a lot of that money at those levels doing the same as me and setting relend at 10% and more recently now that RS has seemed to revert to 8% for relend max on 1Y and 5Y that I found last week. Unless it was a mistake and they fixed it now!. I checked these a couple of hours ago and they have not moved as far as I can tell what I would say also is that there is 132k sitting at 5.6% that's largely why I said the punt would have to be at 5.5% before sadly at the moment i'd have to move it down to 5.4% as there is now only 210k sitting in borrower offers. Just a thought of course, the numbers will be out soon but we won;t really know till tomorrow for me where my 1Y RYI moves to. Edit: must have come in 300k RYI today then and still 210k in borrower offers. So at this point I'd say that there's a chance that a simple £1000 punt at an offer of 5.4% would do it - one would have needed to be quick to position oneself at the end of the 5.4% queue though.
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chris1200
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Post by chris1200 on Aug 6, 2020 16:25:37 GMT
Cheers - interesting to know that it's quite a big number. So definitely a fair amount of new lending still happening from 1 Year too (which obviously makes sense given the recent movement - or lack thereof - in the RYI queue, as per A/P/M). Still a big number but there is 100k sitting at the 8%(44k) and 10%(70k) max relend marker points which indicates to me that there maybe quite a lot of that money at those levels doing the same as me and setting relend at 10% and more recently now that RS has seemed to revert to 8% for relend max on 1Y and 5Y that I found last week. Unless it was a mistake and they fixed it now!. I checked these a couple of hours ago and they have not moved as far as I can tell what I would say also is that there is 132k sitting at 5.6% that's largely why I said the punt would have to be at 5.5% before sadly at the moment i'd have to move it down to 5.4% as there is now only 210k sitting in borrower offers. Just a thought of course, the numbers will be out soon but we won;t really know till tomorrow for me where my 1Y moves to. Oh right - when I said 'each day' in my question to vv, I basically meant newly re-invested money arriving each day (at a rate which tends to be matched on a daily basis). But I wasn't very clear about that, so my fault. In other news, robski's reporting suggests we have another day of basically only 5 Year getting RYI money. Lovely.* (*unless, without telling us, RS is shifting RYI'd A/P/M loans over to 5 Year re-investors, but that seems unlikely...)
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aju
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Post by aju on Aug 6, 2020 16:32:54 GMT
So today I monitored the lending volume as follows
09:49 = 3.39m 17:25 = 4.43m (Just after the RYI info came in for the day
So during those hours there was £1.04m of lending money either relend churn or new loans formed etc not RYI.
Not sure that helps though.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 6, 2020 18:32:51 GMT
Currently 600k. Will make more of an effort to check over the next few days if the market is going to start moving again. You know in the days before the covid exodus and also metro loomed it would be very tempting to punt £1000 or so into that market @5.5% okay it's really 2.75% in current terms and it would last for 1Y. Just a thought of course. I'll let others riskit now though. its actually 3.66% (hair cut is meant to be 8 months)
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