- 15.

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,474

0930

+826

Closing balance in the account

1,703

1000

+826

Change attributable to:

1100

+826

Money market activity

+829

1200

+829

LAF today

-600

1500

+829

1600

+829

LAF rate 4.25% bid/6.25% offer TWI 120.0*+0.0* 9.8.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.34

2 years

2705

6.40

100.90

5.94

1 month

5.38

3 years

3807

6.16

99.51

6.44

3 months 5.44

5 years

5006

6.60

98.29

7.14

6 months

5.52

5 years

M501

7.90

101.69

7.61

12 months 5.63

Total turnover of EF bills and notes - $17,031 million

Closed August 9, 1995

End/Wednesday, August 9, 1995

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