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the financial product market is also facing challenges. wealth management companies with a high proportion of fixed-income products, such as cmb wealth management, china everbright wealth management and bank of communications wealth management, etc., some products that achieve high returns through leverage are more sensitive to changes in interest rates, and you should be wary of potential net loss risks. the reporter noticed that the number of net-breaking wealth management products has been on the rise in august. guosen securities statistics show that as of the end of august 2024, a total of 2,782 financial management products had a net-breaking unit value, with a net-breaking rate of 4.49%, an increase of 1.78 percentage points month-on-month. . at the same time, the average performance comparison benchmark of financial products across the market continued to decline, falling to 2.82% by the end of august.

the reason behind this lies in the contradiction between policy support and market expectations. the introduction of incremental policies indicates that the market's expectations for economic growth and policy effects will be improved. however, the profit-taking trend in the bond market is difficult to sustain, causing financial products to face challenges brought about by market fluctuations.

however, not everyone thinks the market will continue lower. some institutional analysts believe that the profit-taking trend in the short-term bond market is unsustainable, and the room for rising long-term interest rates is relatively limited. qin han, chief analyst of fixed income at zheshang securities, said that after eliminating the possible risks in the government bond transactions of some small and medium-sized financial institutions, the government bond yields should be determined by the market. there are still rrr cuts and interest rate cuts in the fourth quarter worth looking forward to. in 10 years the probability that the treasury bond yield will effectively break through 2.0% downwards continues to increase, and the low of the 10-year treasury bond yield during the year may be close to 1.8%.

as policies and market expectations change, the financial product market will continue to face challenges. however, as the policy direction and market sentiment evolve, the final result will depend on the overall trend of the market and the intensity of policy support. the future market direction will depend on new policy signals and market reaction.