The yield of monetary funds has fallen into the "1 era", do you still buy Yu'ebao?
Yangzi Evening News (Reporter Xu Jing) Do you still remember the "highlight moment" when the annualized yield of Yu'ebao exceeded 6%?
The latest data shows that on June 10, the average 7-day annualized rate of return of money funds was only 1.71%.
"Oh my god, my Yu'ebao yield is only 1.66%." On June 13, Xiao Zhang, a post-90s citizen in Nanjing, opened his mobile phone Alipay and saw that the daily income for every 10,000 yuan was only 0.45 yuan.
Taking Tianhong Yu’ebao’s yield as an example, the yield once exceeded 6% when it was first launched in 2013, and the average yield from 2017 to 2021 was 4%, 3%, 2.5%, 2.3%, and 2%, respectively. Showing a continuous downward trend, it entered the "1%" range in May and June this year.
On June 10, the arithmetic average 7-day annualized rate of return of 716 currency funds was 1.71%, of which 6 products had a 7-day annualized rate of return of more than 3%, and 157 currency funds had a low 7-day annualized rate of return. at 1.5%.
How should the follow-up yield of the currency fund go?
Many people believe that in the second half of the year, the yield of money funds is expected to stabilize and rebound, but the overall yield difference will not be too large.
"Subsequent money funds may experience a gradual bottoming out and then a slow rise," said a fund manager.