18

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,207

0930

+331

Closing balance in the account

2,019

1000

+331

Change attributable to:

1100

+336

Money market activity

+322

1200

+335

LAF today

-510

1500

+335

1600

+322

LAF rate 4.25% bid/6.25% offer TWI 119.4 -0.1 23.5.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.68

2 years

2705

6.40

100.19

6.39

1 month

5.70

3 years

3804

6.90

100.57

6.79

3 months

5.73

5 years

5003

7.75

102.35

7.29

6 months

5.84

5 years

M501

7.90

100.50

7.93

12 months

6.00

Total turnover of EF bills and notes - $11,934 million

Closed May 23, 1995

End/Tuesday, May 23, 1995

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