How much longer can the 'invisible wings' of managed finance fly?

Jinshi Data News on October 11th, compared with money market funds, the yield of cash management financial products maintains a certain advantage, although this advantage is gradually weakening. According to the latest calculation of the Research and Innovation Department of Huabao Securities, as of September 22, 2024, the 7-day Annual Percentage Rate of cash management financial products reached 1.73%, while the 7-day Annual Percentage Rate of money market funds was 1.58%, a difference of 15 basis points, narrowing by 3 basis points compared to the previous week. Industry insiders believe that the yield of cash management financial products is better, mainly due to its wider investment scope, lower overall fees, and diversified outsourcing investments. In the view of analysts, in the medium and short term, the downward trend of Interest Rate will not change, so the yield of cash management financial products that allocate deposits, interbank certificates of deposit, and short-term bonds will further decline.