23

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,498

0930

+225

Closing balance in the account

1,524

1000

+225

Change attributable to:

1100

+235

Money market activity

+256

1200

+256

LAF today

-1,230

1500

+256

1600

+256

LAF rate 4.25% bid/6.25% offer TWI 118.8 -0.2* 7.3.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.14

15 months

2605

6.35

99.62

6.79

1 month

5.35

24 months

2702

7.50

100.63

7.28

3 months

5.96

29 months

3707

6.95

99.30

7.40

6 months

6.28

35 months

3801

8.00

101.26

7.64

12 months

6.67

58 months

5912

8.15

100.60

8.15

Total turnover of bills and bonds - $15,213 million

Closed March 7, 1995

End/Tuesday, March 7, 1995

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