Investors suffer from the currency for a long time.
But this "suffering" seems to have finally come to an end.
Who would have thought that in the past week, as many currencies have achieved a 7-day annualized yield of more than 4%, the yield of the money market** has once again attracted the attention of investors.
At the same time, some interbank certificates of deposit** have begun to announce their limits in advance.
Is the "money war" at the end of the year already kicking off?
More than 5% of the currency**.
Wind statistics show that as of last Friday (December 22), the 7-day annualized yield of Everbright Cash Treasure B exceeded 5%.
The performance of this ** in the past 1 year shows that this is the second time in the past 1 year that it has touched a 7-day annualized return of more than 5%.
The last time was at the end of November.
However, the ** prospectus shows that the minimum single subscription amount for Class B shares for the first time is 5 million yuan.
Fortunately, the 7-day annualized rate of return for Class A shares for ordinary investors also exceeded 488%。
It can be seen that if compared with the previous week, the annualized rate of return of the currency on December 22 **7 is generally higher than that of the previous week.
Judging from the top 7-day annualized return on December 22, the top currencies** have increased by 1An annualized rate of return of around 5% to 3%.
For currencies**, this yield lift is quite substantial.
Overall, the 7-day annualized rate of return of the currency** increased by an average of 0.About 1 percentage point.
With the beginning of the "limit" of some interbank certificates of deposit, the supply and demand of the entire low-risk market have become tight.
On December 25, Cathay Pacific, Dongfanghong, Invesco Great Wall and other interbank certificates of deposit** announced the suspension of large-amount subscription and regular investment business.
At the end of last week, Shen Wanlingxin** also announced a similar arrangement.
Taking the Cathay CSI Interbank Certificate of Deposit AAA Index 7-day holding** as an example, from December 25, 2023, the amount of subscription and regular fixed investment business of ** will be restricted. The cumulative amount of subscription and regular fixed investment business of each ** account on a single day shall not exceed 100,000 yuan, if the cumulative amount of subscription and regular fixed investment of each ** account on a single day exceeds 100,000 yuan, the ** manager will have the right to partially or fully confirm the failure.
At the same time, the announcement also shows that ** managerFrom January 2, 2024, it will be restoredAccept the application for subscription and regular fixed investment business of more than 100,000 yuan in a single day for **account, and the ** manager will not make a separate announcement at that time.
The rest of the ** will be limited from December 28.
Interbank certificates of deposit** basically have a 7-day holding period. Moreover, the characteristics of its redemption fee make it a good choice for short-term holding.
Taking the Cathay CSI Interbank Certificate of Deposit AAA Index for 7 days as an example, the prospectus shows that ** is open for subscription every open day, but a minimum holding period of 7 days is set for each **share.
The ** does not charge a subscription fee, but a sales service fee is charged for the ** share. Since the minimum holding period for each share is 7 days, there is no redemption fee.
The announcement of the interbank certificate of deposit ** restricting large-amount subscriptions may be due to the financial arrangements during the festival, in order to fully protect the interests of ** share holders and ensure the smooth operation of **.
Therefore, the pre-holiday cash arrangement must be prepared in advance.
It is worth reminding that the level of yield, including interbank certificates of deposit and cargo base, will not necessarily continue to rise.
Taking interbank certificates of deposit** as an example, as a variety of products that track the AAA index of interbank certificates of deposit, it is not without a drawdown of the yield (figure below).
Of course, the historical drawdown is not large.
Similarly, some currencies** that concentrate on cashing out their earnings will generally fall after passing the month-end and year-end yield windows.
For example, on December 15th, the part of the 7-day annualized return** actually saw a decline in the yield in the previous week.
Investors should be mentally prepared for such normal fluctuations in yields.
Wall Street news, welcome **app to see more.