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- 20 -
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Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million
(hours)
change ($million)
Opening balance in the account
2,004
0930
+297
Closing balance in the account
1,721
1000
+297
Change attributable to:
1100
+297
Money market activity
+297
1200
+297
LAF today
-580
1500
+297
1600
+297
LAF rate 4.25% bid/6.25% offer TWI 119.2 *+0.2* 21.7.95
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
5.28
2 years
2705 6.40
100.83
5.99
1 month
5.40
3 years
3804
6.90
101.60
6.35
3 months
5.47
5 years
5006
6.60
98.55
7.07
6 months
5.53
5 years
M501 7.90
102.00
7.53
12 months
5.61
Total turnover of EF bills and notes - $9,729 million
Closed July 21, 1995
End/Friday, July 21, 1995