Yu’e Bao has hit a new low again. Yu’e Bao’s latest seven-day annualized yield fell to 1.266%, a record low!Money market fund yields have continued to decline recently. Data show that in the first week of December, the average seven-day annualized yield of 370 money market funds in the market fell to 1.42%.
The money fund market is being impacted by new regulations on interbank deposits. Starting from December 1, non-bank interbank deposit interest rates have been officially included in self-regulatory management, which means that the interbank demand deposit interest rates of securities companies, fund companies, insurance companies, commercial bank wealth management subsidiaries, finance companies, insurance asset management companies and other institutions will closely follow the changes in central bank policy interest rates, gradually eliminating arbitrage space.
Some experts said that the reduction in interbank deposit interest rates will weaken the returns from allocating deposits, especially for monetary funds and cash management financial products.
When Yu'E Bao was first launched in 2013, its 7-day annualized rate of return was as high as over 6%, and the maximum income per 10,000 copies was more than 1.7 yuan. If you deposit 100,000 yuan, you can earn 17 yuan a day, which is enough to buy a lunch.
Now that I save 100,000 yuan, I can’t even earn 4 yuan a day (not even enough money for a breakfast). Do you still save Yu’e Bao?
Some professionals said that currently deposit profits are being lowered, and the main purpose is still to hope that everyone can spend more, so the days of making money in the past will never come back.