I suppose RS is holding the line by trickling money out in the hope of shaking those branches so that [cough!] > 4.4% lenders will start a stampede. But it looks like at least some 4.5% lenders will be satisfied.
Now 2.5 hours after the normal run time. I've just had to move what looked like a safe £9k at 4.4% down to 4.3%, and that will soon be under threat - seriously cross with myself for how much time I spend chasing the last 0.1% - all of 75p before tax! What I really don't understand is lenders prepared to leave serious amounts of money on the market at 5%+ - ok very occasionally the market will go over 5% but I don't think it has for weeks, so this a total waste of funds.
PS. They must have heard me - matching run now running (15:10).
All the money at 4.2% went. Some money at 4.3% (including mine ) went but it looks like it has run its course.
Another £1M+ to go yet ... and I'm Qu'd at £600K on 4.3%. Should just creep in.
But the 4.3% queue has moved very little in the last 20 minutes or so, and probably what movement has happened is people like me baling out and taking 4.2%. Just after 3pm all the £16m+ disappeared and matching seemed to be proceeding fully until it suddenly stopped and £1.2m of borrowers popped back up at 4.2%, with about £1.1m at 4.3% still queued. I've not seen this behaviour before, but then I tend not to watch the market that closely.
Yep! It is regularly just like this. I chickened out towards the end of the run as I realised I'd just miss the chop (! ) and settled for 4·2%. I'll carry on at 4%+ for rolling loose standby cash rather than put it in AC at 3·75%.
Likewise. I checked early and decided to pitch at 3.8%. Then felt that the data displayed on the full market would not account for "extra" monies being taken up- from very, very low 1 year and 5 year? So I adjusted down to 3.7% and the very large 5 figure rolling reinvestment's, built up over several days off not being taken up, finally went. There is no late afternoon rally these days it appears....