银行理财产品周数据：跨年效应消退，流动性管理工具收益回落

Industry Investment Rating - The report does not explicitly mention an industry investment rating [1][2][3] Core Views - The report highlights the decline in yields of liquidity management tools post the year-end effect [1] - Cash management products and money funds show a narrowing yield gap, with cash management products yielding 1.63% and money funds yielding 1.49% as of January 5, 2025 [3][8] - The yield gap between cash management products and money funds widened by 5BP to 14BP [3][8] - The report notes a temporary increase in short-term yields due to year-end liquidity tightening, which has since normalized [9] Product Performance Summary Cash Management Products - 7-day annualized yield for cash management products was 1.63%, down 7BP from the previous week [3][8] Fixed-Income Non-Cash Products - 1-month annualized yield for daily open fixed-income non-cash products was 2.95%, down 18BP from the previous week [4][10] - 6-month annualized yield for 6-12 month closed fixed-income products was 3.41%, up 3BP from the previous week [4][10] - 1-year annualized yield for 1-3 year closed fixed-income products was 3.90%, down 1BP from the previous week [4][10] Maturity and Compliance - Total maturity scale for wealth management products from December 30, 2024, to January 5, 2025, was 1768.49 billion yuan, with an average compliance rate of 79%, up 3BP from the previous week [5][11] - Closed-end products had a higher average compliance rate of 84% compared to the overall rate [5][11] - Specific wealth management companies such as Hangyin Wealth Management, Suyin Wealth Management, and Boshin Wealth Management achieved a 100% compliance rate [5][11] Company-Specific Performance - Detailed compliance rates for various wealth management companies are provided, with some achieving 100% compliance in closed-end products [13]