Yu’ebao fell and kept 100,000 yuan a day and earned less than 5 yuan in short-term debt funds.
On May 23, the latest 7-day annualized return of Tianhong Yu’ebao Monetary Fund was only 1.737%, hitting a new low since September 2020.
When Yu’ebao has the highest income, if you buy 100,000 yuan, you can earn up to 17.67 yuan a day, and you can properly solve a lunch. But now, the income of saving 100,000 yuan a day is only 4.616 yuan, and I can’t even buy a breakfast.
Yu’e BaoEarnings per million
With the extremely low returns of money funds represented by Yu’e Bao and the obvious volatility in the stock market, short-term and medium-term debt funds have been quietly gaining popularity recently.
It is understood that the short-term debt fund mainly invests in fixed-income financial instruments with good liquidity, including domestic government bonds, financial bonds, corporate bonds, corporate bonds, short-term financing bills, government agency bonds, central bank bills, and back purchase, convertible bonds (excluding split-trade convertible bonds) and other fixed-income financial instruments that the CSRC allows the fund to invest in.
In the view of many industry insiders, on the one hand, due to the continuous fluctuation and adjustment of the equity market, the risk aversion of funds has increased significantly; on the other hand, the low interest rate level has led to a decline in the attractiveness of currency funds, prompting investors to turn their attention to China short-term debt funds.
However, experts remind that there is still room for games in the short-term bond market, and it is necessary to stay awake. “Funds come and go quickly, and once the stock market picks up, there may be a lot of outflows.”
Hashtags: Yu’ebao currency fund bonds
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