- 10 -
Hong Kong Monetary Authority money market operations
**
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
1,579
0930
+1,073
Closing balance in the account
1,417
1000
+1,073
Change attributable to:
1100
+1,026
Money market activity
+1,026
1200
+1,026
LAF today
-1,188
1500
+1,026
1600
+1,026
LAF rate 4.25% bid/6.25% offer TWI 118.1 *+0.0* 20.3.95
Hong Kong Monetary Authority
EF notes/Hong Kong Government bonds
EF bills
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
4.90
14 months
2605
6.35
100.07
6.38
1 month
5.16
23 months
2702
7.50
101.39
6.83
3 months
5.57
28 months
3707
6.95
100.18
6.98
6 months
5.86
34 months
3801
8.00
102.30
7.22
12 months
6.22
57 months
5912
8.15
102.37
7.68
Total turnover of bills and bonds - $12,210 million
Closed March 20, 1995
End/Monday, March 20, 1995