102只货币基金收益率跌破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] - Tianhong Yu'ebao, the largest money market fund, maintained a yield above 1%, at 1.014% as of December 16, despite a previous drop 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 leading to a decrease in the supply of base currency in the money market, which has heightened volatility in interest rates [1] Group 2 - Despite the long-term downward trend in money market fund yields, the total share of money market funds increased to 15.05 trillion units by the end of October, up over 38 million units from the end of September [2] - Key reasons for the changes in money market fund yields include a downward shift in the risk-free interest rate, which has caused yields on bank deposits and bond repos to decline, and a liquidity surplus leading to an asset shortage [2] - Funds have had to control risks by reducing leverage and shortening duration, further dragging down yield performance [2]