h

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,283

0930

+1,225

Closing balance in the account

1,913

1000

+1,225

Change attributable to:

1100

+1,252

Money market activity

+1,255

1200

+1,255

LAF today

-625

1500

+1,255

1600

+1,255

LAF rate 4.25% bid/6.25% offer TWI 118.5 *+0.0* 5.6.95

Hong Kong Monetary Authority

EF notes

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.43

2 years

2705 6.40

101.44

5.68

1 month

5.44

3 years

3804

6.90

102.67

5.97

3 months

5.44

5 years

5003

7.75

105.31

6.54

6 months

5.46

5 years

M501

7.90

103.42

7.19

12 months

5.53

Total turnover of EF bills and notes - $13,455 million

Closed June 5, 1995

End/Monday, June 5, 1995

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