More than 100 mutual funds' 7-day annualized yield fell below 1%.

Currently, the yield of money market funds continues to decline, with an increasing number of products having a seven-day annualized yield of less than 1%. As of December 17th, this number has exceeded 100. It is worth noting that some money market funds have experienced a "counter-trend surge" in yield in the short term. Industry insiders say that the seven-day annualized yield of money market funds is a lagging indicator, and its significant fluctuations are mainly due to factors such as realizing concentrated floating profits and large redemptions, and are not sustainable. Currently, although money market funds no longer offer high returns, their core value as a liquidity management tool remains unchanged.