银行理财产品周数据：三大政策齐出，理财产品收益短期或迎调整

Investment Rating - The report indicates a short-term adjustment in the yield of wealth management products due to recent policy changes, suggesting a cautious outlook for the immediate future [1][6]. Core Insights - The central bank's recent policies, including interest rate cuts and reserve requirement ratio reductions, are expected to ease liquidity pressures and improve market confidence, leading to a significant rise in A-shares [1][6]. - Despite the positive market response, there are concerns about potential profit-taking and the sustainability of these gains, particularly in the bond market, which may face short-term adjustments [1][6]. - The report highlights that cash management products have maintained a stable annualized yield of 1.73%, while the yield gap between cash management products and money market funds has narrowed to 15 basis points [7][8]. Summary by Sections 1. Policy Impact on Wealth Management Yields - The central bank's announcement of monetary easing measures is expected to provide a favorable long-term environment for the bond market, despite short-term volatility in wealth management product net values [1][6]. 2. Cash Management Product Yields - As of September 22, 2024, cash management products reported a 7-day annualized yield of 1.73%, unchanged from the previous week, while money market funds saw a slight increase to 1.58% [7][8]. 3. Performance of Wealth Management Products - Non-cash fixed income products have shown a near 1-month annualized yield of 2.47%, an increase of 8 basis points from the previous week, while 6-12 month fixed income products have decreased to 3.63% [8][9]. - The 1-3 year fixed income products reported a 1-year annualized yield of 3.37%, reflecting a slight increase of 1 basis point [9]. 4. Maturity and Compliance of Wealth Management Products - From September 16 to September 22, 2024, the total maturity scale of wealth management products reached 254.7 billion, with an average compliance rate of 55%, a decrease of 1% from the previous week [11][12].