“宝宝类”基金收益率跌破1％

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, and 102 funds falling below 1% [1] - The largest fund, Tianhong Yu'ebao, maintains a yield above 1%, reporting a seven-day annualized yield of 1.014% as of December 16, having previously dipped to 1.001% [1] - The fund manager indicated that the phenomenon of deposit migration has impacted banks' management of funds, increasing friction in fund flow and raising reserve demands, which has led to a decrease in the supply of base currency in the money market [1] Group 2 - Despite the long-term downward trend in money market fund yields, the total scale of these funds has increased, with the total share reaching 15.05 trillion units by the end of October, an increase of over 38 million units since the end of September [2]