In the first half of 20 19, the yield of internet treasure money fund continued the downward trend of last year, but in the second half of the year, the yield began to stop falling and stabilize, mostly fluctuating within a narrow range of 2.4%~2.5%. Especially near the end of the year, liquidity has been tightened, the yield of money funds has increased slightly, with 20 19 hitting a new high in the past two months, and the average yield of RMB unstructured wealth management products has also increased for two weeks.
However, from the perspective of different maturities, the longer the maturity of wealth management products, the higher the rate of return. From the perspective of different types of banks, the yield of wealth management products of city commercial banks still leads the rise. Last week, the average yield of wealth management products of city commercial banks was 4. 15%, that of joint-stock banks was 4.09%, that of rural commercial banks was 4.0 1%, that of state-owned banks was 3.74%, and that of foreign banks was 3.58%.
Extended data:
As the end of the year approaches, the pressure of capital liquidity begins to appear, and the interest rate of funds in the new year is gradually rising, and the interest rate is also rising. 20 19, 12 in the second half of the year, the interest rate in the money market further rose, and the yield of "baby" goods may continue to rise.
Compared with funds, although the bank's wealth management yield has risen for two consecutive weeks, it is not sensitive to the money market interest rate, and banks are still digesting the stock. In particular, the bank's wealth management yield is expected to suspend the decline at the end of the year, but it is unlikely to continue to rise. At the beginning of 2020, there is a high probability of returning to the downward channel.
People's Daily Online-Liquidity was tight at the end of the year, and the yield of money funds hit a new high of nearly two months.