- 15 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
S million
(hours)
($million)
Opening balance in the account
1,703
0930
+596
Closing balance in the account
1,172
1000
+596
Change attributable to:
1100
+589
Money market activity
+104
1200
+589
LAF today
-635
1500
+389
1600
+104
LAF rate 4.25% bid/6.25% offer TWI 120.1 *+0.1* 10.8.95
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue Coupon
Price
Yield
1 week
5.35
2 years
2705 6.40
100.84
5.97
1 month
5.38
3 years
3807
6.16
99.41
6.48
3 months
5.44
5 years
5006 6.60
98.00
7.22
6 months
5.54
5 years
M501 7.90
101.40
7.68
12 months
5.65
Total turnover of EF bills and notes - $13,493 million
End/Thursday, August 10, 1995