- 19.

Hong Kong Monetary Authority money market operations

Time

$ million

(hours)

Cumulative change ($million)

Opening balance in the account

1,404

0930

+911

Closing balance in the account

1,270

1000

+918

Change attributable to:

1100

+996

Money market activity

+1,046

1200

+996

LAF today

-1,180

1500

+1,046

1600

+1,046

LAF rate 4.25% bid/6.25% offer TWI 121.0 *-0.1* 15.2.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

6.02

15 months

2605

6.35

99.11

7.22

1 month

6.22

21 months

2611

6.90

99.31

7.45

3 months

6.50

29 months

3707

6.95

98.61

7.72

6 months

6.78

35 months 3801

8.00

100.54

7.94

12 months

7.10

58 months

5912

8.15

99.69

8.39

Total turnover of bills and bonds - $14,864 million

Closed February 15, 1995

End/Wednesday, February 15, 1995

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