· 23 -
Hong Kong Monetary Authority money market operations
Time
Cumulative change
$ million
(hours)
($million)
Opening balance in the account
2,775
0930
+26
Closing balance in the account
2,417
1000
+26
Change attributable to:
1100
+26
Money market activity
+25
1200
+25
LAF today
-383
1500
+25
1600
+25
LAF rate 4.00% bid/6.00% offer TWI 123.5 *-0.1* 13.2.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
4.73
2 years
2802
5.16
100.40
5.01
1 month
4.78
3 years
3901
5.57
101.20
5.19
3 months
4.86
5 years
5012 6.38
102.94
5.76
6 months
4.87
7 years
7211
6.82
104.52
6.09
12 months 4.87
5 years
M502 7.30
105.40
6.06
Total turnover of EF bills and notes - $17,353 million
Closed February 13, 1996
End