27

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,171

0930

+101

Closing balance in the account

1.519

1000

+101

Change attributable to :

1100

+101

Money market activity

+98

1200

+100

LAF today

+250

1500

+98

1600

+98

LAF rate 4.25% bid/6.25% offer TWI 122.4 *+0.1* 30.11.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.65

2 years

2711

5.60

100.01 5.67

1 month

5.61

3 years

3810

6.15

100.81 5.93

3 months

5.58

5 years

5009 6.95

102.45 6.45

6 months

5.57

7 years

7211

6.82

100.32 6.88

12 months

5.57

5 years

M502

7.30

102.10

6.91

Total turnover of EF bills and notes - $18,911 million

Closed November 30, 1995

End/Thursday, November 30, 1995

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