digital currencies and the future of the monetary system Top snippets

The rate of return of the money fund has reached a record low. Since December, the rate of return of the money fund has continued to decline. The annualized rate of return of Tianhong Yubao Money Fund, the largest, fell below 1.27% on the 7th, hitting a record low. According to industry insiders, the recently released "Self-discipline Initiative on Optimizing the Self-discipline Management of Non-bank Interbank Deposit Interest Rate" has a great impact on the Monetary Fund, and the superimposed interest rate is at a low level, and the yield of the Monetary Fund may continue to decline. As the income decreases, funds will look for new directions for allocation. (SSE)In November, LP, a financial institution, injected nearly 30 billion yuan into private equity funds. Judging from the latest capital contribution of private equity funds, the reporter learned from Zhizhong Data Technology (Suzhou) Co., Ltd. that in November, the national private equity funds invested 486 pens, with a total capital contribution of 99.761 billion yuan. Judging from the contribution of LP (Limited Partner) with different identities, in November, government funds LP made a total of 178 contributions, with a total contribution of 39.9 billion yuan, accounting for 40%. LP, the industrial investor, contributed a total of 175 transactions, with a total investment of 13 billion yuan. The financial institution LP contributed a total of 29.948 billion yuan, of which the insurance institution LP contributed 16.488 billion yuan, accounting for 55%; Banking institution LP contributed 12.259 billion yuan, accounting for 41%. (Securities Daily)Fund researchers bluntly said: the era of monetary fund lying and winning is over. Shanghai thought that unnamed fund researchers bluntly said that the era of monetary fund lying and winning is over. A person from a fund company in South China said that the continuous decline in the yield of money funds means that the impact of rates is becoming more and more important. Since the beginning of this year, many money funds have announced fee reductions. Wang Menghan, an analyst at Zheshang Securities, said that compared with similar products, the advantages of money funds are tax exemption, liquidity and stable net value. Among them, for institutional customers, there are still tax exemption and liquidity demands, so there is little demand for reducing the holdings of money funds. However, for non-institutional investors, because the stability of the net value of the money fund will be obviously weakened, there is a demand to reduce the holdings of the money fund. (SSE)

The probability that the Fed will cut interest rates by 25 basis points in December is 98.6%. According to CME's "Fed Watch", the probability that the Fed will keep the current interest rate unchanged by December is 1.4%, and the cumulative probability of cutting interest rates by 25 basis points is 98.6%. The probability of keeping the current interest rate unchanged by January next year is 1.1%, the probability of cutting interest rates by 25 basis points is 79.9%, and the probability of cutting interest rates by 50 basis points is 19%.Israeli air strikes in southern Lebanon killed five people. On the 11th, Lebanese health authorities said that Israeli air strikes in southern Lebanon that day had caused five deaths. On the same day, the Lebanese military issued a statement saying that a fierce exchange of fire was observed between the Israeli army and Hezbollah in southern Lebanon near the temporary border between Lebanon and Israel. In this regard, the Israeli army and Hezbollah have not responded for the time being.In response to Trump's tariff threat, the Canadian Prime Minister held another meeting with provincial governors. On December 11, local time, Canadian Prime Minister Trudeau held another meeting with provincial governors to discuss the tariff threat of US President-elect Trump. This is the second time that Trudeau has held a meeting with provincial governors since Trump threatened to impose a high tariff of 25% on Canada last month. It is also the first time that Trudeau has met with governors after having dinner with Trump at Haihu Manor. Trudeau said that if Trump really continues to impose a 25% tariff on all Canadian goods shipped to the United States, Canada is prepared to make some kind of response. The outside world believes that this statement means that Canada will impose retaliatory tariffs on some American goods. (CCTV News)

Brazil raised the benchmark lending rate by 100 basis points to 12.25%. Brazil's central bank expects the next two meetings to raise interest rates by the same amount.Market News: The United Nations General Assembly adopted a resolution by an overwhelming majority, demanding an immediate and unconditional permanent ceasefire in the Gaza Strip.Australia's S&P/ASX200 index opened up 17.50 points, or 0.21%, at 8371.1 points on Thursday, December 12th.