Central Bank Cut Interest Rates For A Week, Proceeds From Financial Products Are Down

Since the central bank announced that it had cut interest rates in March 1st for a week, there has been a significant change in the earnings of the financial market.

The voucher bonds for the first phase of the new year will be issued on the 10 th of this month, which has been reduced by the previous central bank's interest rate cut.

According to the announcement of the Ministry of finance, the current treasury bonds issued for 3 years are 18 billion yuan, the annual interest rate is 4.92%; the 5 year period is 12 billion yuan, and the annual interest rate is 5.32%. The reporter referred to the fourth issue of treasury bonds in 2014, the annual interest rate of 3 years was 5%, and the 5 year interest rate was 5.41%.

From this we can see that the current 3 - year, 5 - year certificate - based Treasury yields are lower by 0.08% and 0.09% respectively. If you buy 100 thousand yuan 3 year certificate treasury bonds, then the difference is 240 yuan. The reason for the gap between the two Treasury yields is due to the two rate cut during the period.

After the interest rate cut in March 1st, the profits of new financial products from banks also declined. For example, a certain Bank The non guaranteed floating income financial products issued in late February, the expected yield of the 181 day period products is about 5.8%, while the expected revenue of the 181 day period products is adjusted to about 5.5% when the new type of banking products newly issued on the previous two days. In addition, the expected revenue of the bank's 41 day period of the same type of bank financial products has also been adjusted to about 5.4% from the original 5.6%.

The central bank's interest rate cuts also hurt the "baby". Take the balance treasure as an example, in February 27th, Yu Bao The 7 day annual yield is 4.469%, while in March 5th the yield was 4.45%.

"Despite this time Rate cut After that, the earnings of the Internet Monetary Fund changed little, but the general trend was to go downwards. After all, the earnings of the financial market were closely related to the loose funds of the market. " ICBC financial planner Li told reporters that in 2015 the market will follow the central bank will continue to cut interest rates and reduce expectations. Deposits, treasury bonds, bank financial products, Internet funds, net loan platform, trust products and other investment channels will have varying degrees of impact, investors can choose a high income robust channel less.

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Affected by the Spring Festival, the bank financing market in February is still warm. According to the monitoring data of 360 financial search platform, in February, the bank issued 4276 financial products, a decrease of 374 compared with January. However, due to the huge consumer spending and low willingness to spend money before and after the Spring Festival, the tight flow of market capital and intensified competition between banks, the average yield of financial products in February was 5.15%, up slightly from 5.12% in January.

In February, the central bank continued to release the market to the market. In February 4th, the interest rate cut in February 28th was expected in the market. It is expected that the central bank will still have interest rate cuts and drop out measures this year, and the market funds will gradually become loose. Then the yield of bank financial products will return to the downward channel, and the two quarter may fall below 5%.

From the 41 issuing banks that did not meet the standard financial products, the GF bank was far ahead of the 15 banks, followed by the 10 of Minsheng Bank. The remaining 16 were issued by Ping An Bank, Minsheng Bank, China Merchants Bank, Xingye Bank, construction bank, postal savings bank, Qingdao bank, Guangdong south Guangdong Bank and HSBC.

From the product to the standard ratio, Ping An Bank's 4 financial products return to the lowest level, with an average of only 12.38%, of which the rich structure class (100% guaranteed capital linked stocks) asset management category 205 yuan financial products in 2014 expect the highest yield of 7%, but the actual yield to maturity is only 0.5%.