With the past seasons, the expected return on wealth management products has declined significantly.Internet Finance
Products with an expected product yield of more than 6% have been barely visible, and the revenue of the “Baby Legion” has dropped to around 5%.
"Bao" shrinks due to the income of any investment product is determined by the direction of its funds. Take Yu'ebao as an example. The connection is Tianhong’s “Tianhong Zenglibao”, which is essentially a money fund.
The funds of money market funds are mainly invested in short-term currency instruments, and the bulk of the investment is placed in the bank’s agreement deposits. According to the information, the total amount of Yuchaobao's total capital over 80% is invested in bank agreement deposits and settlement reserve funds. Therefore, the level of the bank’s agreement deposit interest rate plays a decisive role in the balance of Yu’s profits. The interest rate of the agreement deposit is high, and the income of Yu Thang Bao is naturally high; the interest rate of the agreement deposit is low, and the profit of “Bao” will also decline accordingly. So what does the bank's agreement deposit rate relate to? That isInterbank Offered Rate
We may consider "money" as a commodity, and the interest rate is the price of this commodity. We know that prices are determined by the relationship between supply and demand—supply tight prices are high, and vice versa. Reflected in the "money" this special commodity is the level of interest rates change. Before the Spring Festival, companies and institutions of various companies are busy clearing and issuing year-end bonuses. Individuals are busy purchasing new products and preparing red envelopes. This makes the market’s demand for “money” soar, the funding surface is tight, and the shortage of “money” leads to its With the increase in prices, the interbank lending rate has risen. As a result, the interest rate on the agreement deposits has also risen. The yield of Yuebao, which is the main investment direction of the agreement deposits, has also increased sharply. After the holiday season, the demand for funds in the market fell, and the inter-bank borrowing rate also fell, and the corresponding money market fund's earnings would also decline accordingly. It can be seen from this that the return of the balance treasure and various similar products is a normal market phenomenon.
In this regard, it is necessary to remind ordinary investors that investment and financial management should have a long-term matching of funds and a diversified investment consciousness. The annualized income is slightly higher than other current Internet wealth management products, and the financial market with a short investment term is suitable for investors who have less investment funds and are in need of useful money in the near future. Investors with large funds can purchaseBank financial products
. There are no uniform standards for how investors configure different assets. Specifically, they can be examined from three dimensions: liquidity, amount of funds, and risk appetite.