What's up with the USD loan matching?
I've been monitoring the usd loan matching for a few hours.
There's a 40k @ 0.14, 30 day loan offer, and plenty around that rate also for 30days. (specifically 30 days, not '2-30days' mixed offers)
But somehow, hundreds of thousands USD worth of 30 day loan offers @0.75% (per day!) are matched instead of those at lower rates!
Are you sure of that?
I'm regularly lending out my funds (though the US dollar mostly), and I don't remember I saw it the way you describe it. Could you post a snapshot? Most likely, you are confusing another thing. That is, when you lend out for 30 days, you are kind of stuck, and you can't demand the borrower to return the funds before the end of the whole term, while the borrower can return the money any time he sees appropriate. In this way, if you expect the loans to surge further, you'd be better off if you lend the money at a lower interest but for a shorter term. There can also be a case when what you see is not what happens in reality. Which is to say, all loan offers are taken up to higher rates but you only see the highest rates shown, and then the offer book gets instantly refilled