“宝宝类”基金收益率跌破1%！余额宝仍坚守

Group 1 - The yield of "baby" funds has been declining throughout the year, with the median seven-day annualized yield of 941 money market funds at 1.24% as of December 16, 2023. Among these, 102 funds have yields below 1%, and over 300 funds have yields between 1% and 1.2% [1][3] - The largest fund, Tianhong Yu'ebao, maintains a yield above 1%, with a seven-day annualized yield of 1.014% as of December 16, 2023, showing a slight recovery from a previous low of 1.001% [1][3] - The fund manager of Tianhong Yu'ebao indicated that the phenomenon of "deposit migration" has impacted banks' management of funds, increasing friction in fund flow and backup demand, leading to a decrease in the supply of base currency in the money market and increased volatility in interest rates at critical times [1][3] Group 2 - Despite the long-term downward trend in money market fund yields, the total scale of money market funds has increased recently, reaching 15.05 trillion units by the end of October 2023, an increase of over 38 million units compared to the end of September [2][4] - The increase in money market fund scale is attributed to the decline in interest rates on demand deposits and fluctuations in both the bond and equity markets [2][4]