· 37 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million (hours)
($million)
Opening balance in the account
1,813
0930
+1181
Closing balance in the account
2,396
1000
+1181
Change attributable to:
1100
+1131
Money market activity
+1,138
1200
+1138
LAF today
-555
1500
+1138
1600
+1138
LAF rate 4.25% bid/6.25% offer TWI 120.4 *+0.0* 23.2.95
EF bills
Hong Kong Monetary Authority
EF notes/Hong Kong Government bonds
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
5.11
15 months
2605
6.35
99.40
6.97
1 month
5.40
24 months
2702
7.50
100.52
7.35
3 months
5.96
29 months
3707
6.95
99.21
7.44
6 months
6.19
35 months
3801
8.00
101.33
7.62
12 months 6.83
58 months
5912
8.15
100.72
8.12
Total turnover of bills and bonds - $32,414 MN
Closed February 23, 1995
End/Thursday, February 23, 1995