对于这些储户而言，"保本""保收益""稳健"是他们对理财产品的理想追求。来自上海的陈梦也是如 此。她一直习惯将存款放在招商银行，然而5月20日银行的一波快速降息让她感到措手不及。"没想 到LPR（贷款市场报价利率）还没公布，存款利率就先下调了，根本来不及赶在利率下调之前再存 一笔。" 2025.05. 22 本文字数：2945，阅读时长大约5分钟 作者 | 第一财 经 陈君君 近日，人民币挂牌存款利率持续下调，储户收益空间被压缩，促使他们调整理财策略，寻找新的收益 增长点。与此同时，第一财经注意到，部分民营银行逆势上调存款利率，一年期定期存款利率可达到 2%。此外，美元存款产品也受到关注，多家银行推出高利率优惠，但这些利率往往附带条件且存在 汇兑风险。 这一现象背后，是金融市场的快速变化。央行数据显示，居民存款加速流向非银金融机构，4月单月 居民部门存款减少1.39万亿元，而非银存款大幅增加。业内人士认为，居民前期积累的超额存款正 在流向企业和非银机构。 在此背景下，储户的理财选择变得更加复杂。部分储户如李想（化名）已经开始寻找新的理财方向， 而像陈梦（化名）这样的储户仍在摸索适合自己的理财方式。银行则通过调 ...

Core Viewpoint - The article discusses the recent trends in the settlement interest rates of universal insurance products, highlighting a significant decline in rates and the impact of regulatory changes on the industry [1][3][5]. Group 1: Universal Insurance Product Overview - Universal insurance combines protection and investment functions, allowing flexible premium payments and adjustable coverage levels [3]. - As of May 22, 653 universal insurance products reported their April settlement rates, with the highest at 3.5% and the lowest at 0.36% [1][3]. - 41% of the products have settlement rates of 3% or higher, while 59% are below 3% [3]. Group 2: Regulatory Impact - Recent regulatory actions aim to standardize the design and marketing of universal insurance products, emphasizing better management of assets and liabilities [1][4]. - The Financial Regulatory Authority has prohibited the development of universal insurance products with terms shorter than five years and allowed adjustments to minimum guaranteed interest rates [7]. - The minimum guaranteed interest rate has been reduced from 3.5% in 2017 to a maximum of 2% starting August 1, 2023, and further down to 1.5% from October 1, 2024 [5][7]. Group 3: Market Trends and Consumer Behavior - The decline in settlement rates is attributed to lower yields on fixed-income assets and pressures on investment returns, which directly affect the rates offered by insurance companies [4][5]. - Many existing policies have minimum guaranteed rates set at 2.5% or 3%, limiting the potential for further reductions despite market conditions [6]. - Despite the expected decline in settlement rates, universal insurance products may still offer higher returns than some bank deposit rates, maintaining their appeal to low-risk investors [7][8].

Core Viewpoint - Some private banks are raising deposit interest rates against the trend of declining rates in the market, indicating a complex shift in financial strategies among depositors [1] Group 1: Deposit Rate Trends - Recent data shows that the RMB deposit rates are continuously decreasing, leading to a compression of returns for savers [1] - Some private banks have increased their one-year fixed deposit rates to as high as 2% [1] - The overall trend of declining deposit product rates is expected to remain unchanged despite these isolated increases [1] Group 2: Shifts in Depositor Behavior - There is a notable shift of resident deposits towards non-bank financial institutions, with a decrease of 1.39 trillion yuan in resident deposits in April [1] - The increase in non-bank deposits suggests that excess savings accumulated by residents are being redirected towards enterprises and non-bank institutions [1] - This shift complicates the financial choices available to depositors, as they seek new avenues for yield [1] Group 3: Foreign Currency Deposits - Dollar deposit products are gaining attention, with several banks offering high-interest rates, although these often come with conditions and currency exchange risks [1]

日本央行审议委员野口旭：目前不应调整利率，暂时应密切关注经济发展情况。 ...

日本央行审议委员野口旭：在经济前景不明朗的情况下，日本央行不应调整利率。 ...

Core Viewpoint - The Bank of Japan may continue to adjust its policy interest rates while cautiously assessing whether core inflation can stabilize around 2% [1] Group 1 - The Bank of Japan is considering further adjustments to its monetary policy [1] - There is a focus on evaluating core inflation trends and their potential stability [1] - The target for core inflation is set at approximately 2% [1]

欧洲央行管委森特诺：为防止通胀率跌破2%，利率可能不得不降到1.5%-2%的中性利率以下。 ...

以下文章来源于CFC商品策略研究 ，作者CFC商品策略研究 CFC商品策略研究 . 好的研报应该提供打破经验，观念，陈规或惯例的视角，提供自我逻辑审查的意识自觉。阅读体验应该 是一次历险，也许是一次漂流，它并不把你带到任何一个安全的港湾去，但更像是提供一种类似在悬崖 边临渊回眸，另做选择的逻辑启发，或自我反讽的邀请。 文 | 魏鑫 来源 | CFC商品策略研究 编辑 | 杨兰 审核 | 浦电路交易员 中美发布日内瓦联合声明以来，商品市场整体呈现反弹态势，多品种价格回升至4月初水 平。本轮行情的驱动有需求端预期回暖的因素，同时部分品种供给收缩驱动反弹，如 PX-PTA、苯乙烯、氧化铝等。 短期市场可能逐步消化90天暂缓关税窗口期内出现的需求端主导的强现实，而在后续的 商品交易中，宏观上仍依赖于贸易政策变化、美国货币政策调整，以及国内的政策实 效。而微观层面，需要注意交付周期较短商品的需求集中释放带来的变化，以及供应端 收缩品种的"利润-复产"决策的调整。 而对于"订单-采购原料-生产-交付"这一流程来说，部分工序复杂的商品难以实现快速交 付，美国对此类商品的需求未必会在关税缓征期内明显增长。对于交付周期较短的如 ...

美联储副主席杰斐逊指出，需防止政策变化引发的价格上涨转为持续通胀压力。这表明美联储对通胀问 题保持高度警惕。在当前经济环境下，若通胀压力持续增加，美联储可能会采取相应措施，如调整货币 政策等。这对于投资者而言，意味着市场的不确定性增加。例如，通胀上升可能导致债券实际收益率下 降，从而影响债券市场的表现。对于 IEXS 盈十证券的投资者来说，在配置债券资产时，需要更加关注 通胀数据以及美联储后续可能的政策调整。 纽约联储主席威廉姆斯提到，投资者正在重新审视其美国资产投资策略，但未见大规模资金撤离迹象。 他认为当前经济表现良好，货币政策适中，美联储有足够时间考虑下一步利率调整。这显示出美国经济 目前有一定的稳定性。然而，投资者重新审视投资策略这一现象值得关注。随着全球经济形势的变化以 及其他地区投资机会的出现，美国资产的吸引力可能会受到影响。IEXS盈十证券认为投资者如果持有 较多美国资产，需要思考是否要根据自身风险承受能力和投资目标，适当调整资产配置比例。比如，可 以考虑增加一些新兴市场资产的配置，以分散风险。同时，由于美联储有时间考虑利率调整，市场利率 在短期内可能相对稳定，但长期来看仍存在不确定性，这对固定 ...

Group 1 - Domestic precious metal futures experienced an overall increase, with the main Shanghai gold contract priced at 778.78 CNY per gram, up by 2.98%, and the main Shanghai silver contract at 8272.00 CNY per kilogram, up by 2.04% [1] - In contrast, international precious metal futures saw a decline, with COMEX gold priced at 3313.50 USD per ounce, down by 0.63%, while COMEX silver was priced at 33.30 USD per ounce, up by 0.12% [1] Group 2 - The latest data indicated that the UK Consumer Price Index (CPI) rose from 2.6% in March to 3.5% in April, with core CPI increasing from 3.4% to 3.8%, exceeding market expectations [3] - This inflation data suggests persistent inflationary pressures in the UK, delaying market expectations for a rate cut by the Bank of England this year [3] - Despite this, investors still anticipate at least one rate cut by the Bank of England before the end of the year, reflecting concerns over economic growth slowdown [3] Group 3 - On May 20, COMEX gold prices rose by 1.83% to 3292.60 USD per ounce, while the main Shanghai gold contract increased by 2.11% to 772.22 CNY per gram [4] - Federal Reserve officials indicated a need for more time to understand how trade policies affect business decisions, suggesting a cautious approach to monetary policy [4] - The latest CME "FedWatch" data shows a 94.7% probability of maintaining interest rates in June, with a 5.3% chance of a 25 basis point cut [4]