6
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,240
0930
+60
Closing balance in the account
1,805
1000
+60
Change attributable to:
1100
+65
Money market activity
+65
1200
+65
LAF today
-500
1500
+65
1600
+65
LAF rate 4.25% bid/6.25% offer TWI 119.0 *-0.2* 27.7.95
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield.
Term
Issue
Coupon
Price
Yield
1 week
5.30
2 years
2705
6.40
100.64
6.10
1 month
5.40
3 years
3807
6.16
99.28
6.53
3 months
5.46
5 years
5006
6.60
98.08
7.19
6 months
5.57
5 years
M501 7.90
101.55
7.65
12 months
5.67
Total turnover of EF bills and notes - $11,694 million
Closed July 27, 1995
End/Thursday, July 27, 1995