· 24
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,482
0930
+320
Closing balance in the account
1,931
1000
+320
Change attributable to:
1100
+320
Money market activity
+322
1200
+324
LAF today
- 873
1500
+324
1600
+322
LAF rate 4.00% bid/6.00% offer TWI 123.0 -0.1* 27.2.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
4.71
2 years
2802
5.16
99.76
5.36
1 month
.4.83
3 years
3901
5.57
100.02
5.64
3 months
4.95
5 years
5012
6.38
101.01
6.23
6 months
5.05
7 years
7302
6.02
97.14
6.64
12 months 5.08
5 years
M502 7.30
103.50
6.52
Total turnover of EF bills and notes - $24,439 million
Closed February 27, 1996
End