Overall Performance - In June, bond market yields declined, with government bond yields for 3 years and under significantly dropping, while the yields of pure fixed-income wealth management products slightly retreated. The average net value growth rate for public pure fixed-income products over the past six months was 1.13%, down by 17 basis points compared to May 22. 76.2% of the products achieved positive monthly returns over the past six months [5] - The top-performing products also saw a slight decline in net value growth rates, with none exceeding 3% in the past six months [5] Highlighted Product Analysis - The top ten products in terms of yield primarily have a six-month investment period. The "富竹纯债日申半年赎1号E" product from Minsheng Wealth features a unique subscription and redemption mechanism, allowing daily subscriptions and semi-annual redemptions starting February 12, 2025. The product mainly invests in high-grade credit bonds and maintains a low duration and leverage strategy [5] Cash Management Products - Cash management products have seen a downward trend in yields due to falling funding and deposit rates. As of June 26, most cash products had a seven-day annualized yield between 1% and 2%, with only 138 public cash products exceeding a mean yield of 2% over the past three months, representing just 2.7% of the total [9] - The highest yield was recorded by "华夏理财现金管理类理财产品77号F" at 3.435%, followed by "启源货币3号G" at 3.148% and "启源现金1号N" at 2.949% [9] "Fixed Income + Options" Products - The net value growth rates for "fixed income + options" products over the past three months were all below 1.5%, with the top product being "鸿锦封闭式2025年第12期" from Zhongyou Wealth, achieving a growth rate of 1.42% [14] - The products employ various strategies, including automatic triggering strategies linked to gold and U.S. Treasury yields. Notably, the "阳光青睿跃乐享29期" product utilizes an options-based insurance strategy linked to gold [13][15] - The early termination of structured products due to triggering events allows investors to quickly recover principal and agreed returns, although it may limit potential profit margins in bullish markets [16]