Skip to main content

Author Topic: only A/B notes available?

E
  • Posts: 51
only A/B notes available?
OP: September 22, 2015, 11:00:00 PM
As of a few minutes ago -- 10:40 EDT -- only A and B notes are available. I was startled when my normal search said "none available", so I expanded it -- relaxed every single filter to show all notes available, double-checked and triple-checked the Interest Rate filter. First there were 246 A/B loans, and over a few minutes that dropped (no surprise) to 245, then 244. Absolutely no C/D/E/F/G -- easy to scan the list because of the colors.

What's going on? Where did the C notes go, not to mention all the lower grades?

Edward
  • IP logged

l
  • ****
  • Sr. Member
  • Posts: 325
only A/B notes available?
#1: September 22, 2015, 11:00:00 PM
This has been happening recently. "retail" investors ... sure.

Image: http://i.imgur.com/BMA3cn0.png
  • IP logged

U
  • Posts: 26
only A/B notes available?
#2: September 22, 2015, 11:00:00 PM
Doesn't bode well for next quarter's loan volume increase :/
  • IP logged

T
  • Posts: 6588
only A/B notes available?
#3: September 22, 2015, 11:00:00 PM
Thanks ... is your "capacity timeline" grabbed from the web, or is it your proprietary 8) construction?

At least there are still B5 loans available ... clearly whoever is hoovering all the C+ loans is stopping at the B/C boundary. Of course I'm not surprised, since I too concluded that C is the sweet point given my situation. And B5 isn't that far from C1.

Your chart also reminded me that I need to be thinking Pacific Time, not Eastern.

From the time I started P2P, I've been saying that a major limitation is that the demand for investing might outpace the demand for borrowing. Obviously it's happening. I'm not familiar with all the numbers, but it's not clear that there's a good way to adjust it. Of course, lowering interest rates would have a balancing effect, but I don't know how low they can go and still be certain of covering charge-offs.

Edward
  • IP logged

  • *****
  • Hero Member
  • Posts: 609
only A/B notes available?
#4: September 22, 2015, 11:00:00 PM
Supply always drops near end of quarter.  That's now.
  • IP logged

j
  • Posts: 143
only A/B notes available?
#5: September 22, 2015, 11:00:00 PM
It's that time of year... err quarter.
  • IP logged


T
  • Posts: 6588
only A/B notes available?
#7: September 22, 2015, 11:00:00 PM
Thanks for the points about EOQ, and to lascott for the link.

Cheers,

Edward
  • IP logged

W

WES

  • Posts: 34
only A/B notes available?
#8: September 24, 2015, 11:00:00 PM
What am I missing here? Wouldn't a company, especially a publicly-traded company, push to improve/raise metrics prior to EOQ? Why does listing volume decline at EOQ?
  • IP logged

T
  • Posts: 6588
only A/B notes available?
#9: September 24, 2015, 11:00:00 PM
They've probably already improved it enough that they rather get a jump start on next quarter vs blow away the number this quarter.
  • IP logged

T
  • Posts: 6588
only A/B notes available?
#10: September 24, 2015, 11:00:00 PM
  • IP logged

T
  • Posts: 6588
only A/B notes available?
#11: September 24, 2015, 11:00:00 PM
Hmmm. Hence, volatility is controlled.
  • IP logged

R
  • Posts: 484
only A/B notes available?
#12: September 24, 2015, 11:00:00 PM
Meanwhile my cash builds up, LC's revenues slow and Wall Street remains unimpressed.
If LC's profitability went up and loan issuance didn't meet "managed growth" expectations, would  that be a bad thing for the company?
  • IP logged

r
  • *****
  • Hero Member
  • Posts: 575
only A/B notes available?
#13: September 24, 2015, 11:00:00 PM
  • IP logged

b
  • Posts: 13
only A/B notes available?
#14: September 28, 2015, 11:00:00 PM
When applying a filter, I see loans that weren't there a few hours ago, but they've only got 7 or 8 days left. Clearly someone is getting early crack at the inventory in a huge way.
  • IP logged