Balance Treasure Yields Fell Below 5%

< p > yesterday, the 7 day yield of balance treasure fell below 5%, and dropped to 4.985%, which has fallen by more than two percentage points compared with the highest 7%.

According to statistics, since April, only 24 of the 52 Internet baby products have a yield of more than 5%, accounting for less than half. Meanwhile, the yield of the bank's baby products is catching up, and the yield is generally maintained at 5.5%.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > Internet > /a > baby's scale rises, earnings fall < /strong > /p >

< p > statistical data show that at present, there are more than 50 Internet baby products in the balance of treasure, and basically realize the full coverage of the main network platform.

Affected by this, the total scale of the public fund of the whole industry Monetary Fund expanded rapidly from 304 billion 250 million yuan in the middle of 2013 to 1 trillion and 443 billion 670 million yuan at the end of the first quarter of 2014, and the proportion of public assets management scale increased from 12% to 42%.

Up to the end of the first quarter of 2014, the Internet < a href= "//www.sjfzxm.com/news/index_c.asp" > baby product < /a > accounted for 70% of all monetary funds, with a scale of more than 1 trillion yuan.

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< p > but corresponding to the rapid growth of the scale, the yield of the Internet baby has been steadily declining.

As of yesterday, in addition to the balance of treasure, WeChat "CAITONG" 7 annual yield of 4.893%, Baidu "100 earn", Jingdong "small Treasuries", Suning "zero money treasure" and other Internet baby products yield from 7% at the highest time down to 5% below.

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< p > Datong securities analyst Zhang Cheng believes that once the scale of the products reaches a certain level, the purchase and redemption of the products will be concentrated. The yield and liquidity are vulnerable to shocks. Because of the decline in yields, the earning effect will weaken and the outflow will accelerate.

Zhang Cheng said that in the context of tight market funds and high interest rates, the golden age of the rapid development of the balance Bao and other products has been suspended for a while, and the latter market has gradually returned to rationality. With the continuous implementation of the regulation and the continuous improvement of the regulations, the Internet baby products will eventually become a traditional fund under the packaging of the electricity supplier.

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< p > Lv Suiqi, deputy director of the Department of finance, School of economics, Peking University, pointed out that in the mid 2013 of the birth of Internet baby products such as the balance treasure, the market was faced with "money shortage", and the high interest rate in money market created conditions for obtaining higher returns.

Along with the relatively loose market liquidity and the downward trend of money market interest rates, the yields of the balance Bao will also gradually decline. The collective yield of Internet baby products is broken, and even "breaking four" is only a matter of time.

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< p > < strong > banking department baby > a href= "//www.sjfzxm.com/news/index_c.asp" > earnings < /a > quietly surpass < /strong > /p >

< p > it is interesting that, with the balance of treasure, "the enemy is also friends" of the banking Corps baby corps, the yield is mostly above 5%, although in attracting eyeball is still in the wind, but from the perspective of yield has already achieved catch up.

As of yesterday, Societe Generale Bank "treasurer wallet" Internet financial products 7 annual yield of 5.618%; Ping An Bank "Ping Ying" 7 annual yield of 5.511%, the Bank of China "demand treasure" 7 annual yield of 5.493%, Minsheng Bank "Ruyi Bao" 7 annual yield of 4.977%.

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< p > Guo Tianyong, director of the banking research center of Central University of Finance and Economics, explains that the current high yield of Internet baby products is mainly derived from bank agreement deposits, and the banking industry can affect the yield expectations to a certain extent. Therefore, once the banking industry is willing to initiate changes, the bank will have more advantages in terms of yield.

At present, the four major state-owned banks have publicly indicated that they will not accept the agreement deposits of Internet baby products, and Internet baby products will be affected.

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< p > the most recent week, in the non structured financial products of the RMB, the average yield of financial products and medium and long term (the investment period is 6 months to 12 months) in the medium term (the investment period is 3 months to 6 months), the average expected rate of return of financial products continues to rise compared with last week, and the yield of medium-term financial products is close to 5.4%, while that of the medium and long term is over 5.5%.

Financial people have warned that with the approaching of the June bank mid-term examination, the market of bank financial markets is generally optimistic. Consumers can choose the medium and long term financial products with higher returns to lock in the proceeds in advance.

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