After keeping track of note availability for the past few weeks, one main trend has emerged: A grade notes on Lending Club are becoming very plentiful while lower grade notes are starting to become a little supply constricted. I’ll let the following two charts speak for themselves.
A grade note funding availability (22 day chart)
If this trend continues, this will mark a very important shift in terms of the types of notes that are available for investors who have a higher appetite for risk. Will Lending Club have to change their issuance policies to keep up if the trend continues? Although 22 days worth of data is not enough to come to long term conclusions regarding Lending Club’s note supply, the trend so far is interesting.