Post by spiral on Jul 28, 2015 9:54:49 GMT
I decided to carry out some crude comparisons between the recent and previous (January) cashbacks.
All figures are generated by comparisons of snapshots I take which may not always be complete so although I consider them to be reasonably accurate, would not stand the test of a full audit trail.
All figures relate to the 5yr market as I don't perform analysis of the other markets.
Where I refer to "Rates" these are Market rates for the days in question not necessarily the best or worst available on those days.
Last CB raised about 1.2m extra funds in 10 days
This CB raised about 900K extra in 14 days.
10 days following last CB had deposits on par with same period of other months.
10 days following this CB had deposits about 1.5m lower than same period in earlier months.
Rates before Last CB 6.1
Rates before this CB 6.5
Lowest rate during last CB 5.9 (drop of 0.2)
Lowest rate during this CB 5.6 (drop of 0.9)
Rate 7 days after Last CB ended 6.2 (higher than before CB)
Rate 7 days after this CB 5.7 (still 0.8 below before and only 0.1 above during CB)
So despite this CB raising less funds (and less being deposited after), a combination of lower market volume and change in MR calculation has resulted in a marked swing in rates.
All figures are generated by comparisons of snapshots I take which may not always be complete so although I consider them to be reasonably accurate, would not stand the test of a full audit trail.
All figures relate to the 5yr market as I don't perform analysis of the other markets.
Where I refer to "Rates" these are Market rates for the days in question not necessarily the best or worst available on those days.
Last CB raised about 1.2m extra funds in 10 days
This CB raised about 900K extra in 14 days.
10 days following last CB had deposits on par with same period of other months.
10 days following this CB had deposits about 1.5m lower than same period in earlier months.
Rates before Last CB 6.1
Rates before this CB 6.5
Lowest rate during last CB 5.9 (drop of 0.2)
Lowest rate during this CB 5.6 (drop of 0.9)
Rate 7 days after Last CB ended 6.2 (higher than before CB)
Rate 7 days after this CB 5.7 (still 0.8 below before and only 0.1 above during CB)
So despite this CB raising less funds (and less being deposited after), a combination of lower market volume and change in MR calculation has resulted in a marked swing in rates.
