On June 4 message, april large quantities of goods base change yield 7 days years to drop broken 2% , yield of fund of after this money goes low continuously. On June 3, tian Hongyu changes interest rate 7 days of frontal treasure fund years to drop even broken 1.5% , achieve the history new low, 10 thousand accrual are 0.3821, that is to say, put 10 thousand yuan to be able to take 3 wool only everyday the accrual of 8.
More than and such, wind data shows, nearly 6 change yield 7 days years to drop into monetary fund broken 1.5% , the optional money fund of remaining sum treasure is medium now, accrual is in highest only 1.745% the left and right sides. Even somebody takes Tian Hongyu frontal treasure changes yield 7 days years (1.4860% ) with a year period RMB deposit is fiducial interest rate (1.75% ) undertake contrast, cry piece " be inferior to putting a bank " idea, how should look stay this matter?
Does treasure of 1 remaining sum compare a year period is time deposit low?
Cannot so comparative
Say popularly, cannot " current " follow to be compared regularly, on both nimbleness completely different.
One year time deposit must reach the bank time ability takes principal and interest, what remaining sum treasure uses is the form that accesses neatly, if be being stocked before 3 o'clock everyday namely, the following day (T+1) can begin plan interest. If want to carry,show, 10 thousand yuan of less than, zhang arrives inside 2 minutes. If " current " right " current " , so the current interest rate of the bank is 0.35% , and treasure of day great remaining sum is at present 1.4860% .
Want to accomplish this kind, what major money fund uses is " booth beyond cost-or-market method " undertake appraise is worth. Using official argument is, appraise is worth an object to be shown in order to buy into cost row, according to par interest rate or decide interest rate considers his to buy fashionable excessive price and convert into money, share equally is made the same score to sell inside deadline of its the rest, daily plan raise profit.
Colloquial dot says, use namely buy cost valuation, the asset such as bond is fluctuant during taking no account of, calculate hold of the asset in the hand to expire predict to be able to earn how many money, average earnings booth to arrive each days of hold next.
For instance, some fund bought 1 year with 100 yuan unit price period interest rate is the national debt of 2.5% 10 thousand yuan, so the accrual of the bond after a year is 10000 yuan of *2.5%=250 yuan, fund is worth in appraise when, go to this accrual smooth booth each days, namely 250 yuan / 365 days of =0.685 yuan, come so, yield will be relatively stable.
2 why remaining sum treasure kind is product interest rate new low?
Two large possibility reason
Although do not follow to be compared regularly, but monetary fund yield is entered really historic low.
With Tian Hongyu fund of frontal treasure money is exemple, when was being rolled out 2013, change yield 7 days years to exceed 6% for a time, there is 1.4860% only nowadays. In the meantime, remaining sum has a variety of money fund to choose in treasure pond now, the monetary fund yield of more than Tian Hong dropped, the interest rate of other currency fund also is in be issued to lower levels.
Show according to Wind, monetary fund by January, by Feburary, by March, by April, change accrual 7 days by May years to be on average respectively 2.57% , 2.35% , 2.03% , 1.69% , 1.54% . Up to on June 2, traditional money fund changes yield 7 days years on average for 1.53% , among them A kind yield is 1.44% , b kind for 1.66% .
"It is market liquidity makes on one hand big deposit receipt and be issued to lower levels of bond interest rate, so monetary fund yield can be affected. " a relevant domain personage of fair collect fund tells sina finance and economics, in the meantime, external diffusion of epidemic situation Xiang Hai, main area supports economy overlay is abroad avoid danger demand also can drive be issued to lower levels of domestic bond yield.
Current and character, configuration of monetary fund assets basically is cast to bank deposit, bond. With Tian Hongyu frontal treasure fund is exemple, the bank deposit that one quarterly reports announces and settle accounts have Fujin is occupied 51.84% , bond is 8.78% , other occupy 39.38% . And the whereaboutldirection of bank deposit is given priority to with big deposit receipt.
Be in harmony 360 | Academy of big data of brief general science and technology monitors data to show, the big deposit receipt that issued April, besides 5 years period interest rate, other time is average interest rate all annulus comparing drops, among them 3 years period drop the biggest. With 1 year when issue newly May period a deposit receipt of forehead of National People's Congress (300 thousand) interest rate is exemple, hand in row 2.28% , agriculture Bank 2.25% , the Construction Bank 2.175% , action travel 2.18% . In order to enrol exemple of trade silver-colored act, this interest rate was April 2.28% , had fallen 0.1% , a year of other bank period big deposit receipt year change what interest rate also has different rate to fall.
In the meantime, trend of be issued to lower levels of continuance of yield of bond of the market between the bank, this year in April end, 1 year period, 5 years period with 10 years period national debt expires yield closes at respectively 1.13% , 1.79% with 2.51% , relatively all fall somewhat at the beginning of the month.
On the other hand, afore-mentioned fair collect personages say, monetary fund adopts booth beyond cost-or-market method commonly, the earnings that reflects now may be a few property that buy before Zhou Zhi, and the near future avoids danger mood is strengthened, bring about monetary fund dimensions to increase considerably, fry batter in a thin layer of can certain level is thin existing accrual.
Because of epidemic situation during, investor promotes considerably to cash demand, a lot of people can put fund monetary fund. With Tian Hongyu frontal treasure is exemple, one quarterly reports shows, fund dimensions went to 1.26 trillion of report period end 1.09 trillion times at the beginning of report period from 2020. The data that publishs according to Wind shows, up to 2020 first quarter end, monetary fund in all 335, total dimensions is 8.172 trillion yuan, control than all growing 15% with annulus compared to the same period.
Association of trade of fund of investment of Chinese negotiable securities is fair shown data shows, up to by this year April, in dimensions of 17.78 trillion yuan fair collect fund, goods radical dimensions is 8.62 trillion yuan, dimensions is occupied than be close to half of country.
Orgnaization of a finance says from personnel of course of study, predicting future will still maintain liquidity comfortable, short-term interest rate still should be met in inferior level, monetary fund yield may continue low. For this, in south an economics expert of university of politics and law of finance and economics says, if hope to increase profit further, can pay close attention to a debt market morely, for example in short debt fund. Notable is, company of fund of a few fair collect can be rolled out now " money + " product, will raise product yield.
Origin: Sina finance and economics
Editor: Wang Jia
Mailbox: Fnweb@126.com
