27
Hong Kong Monetary Authority money market operations
**
Opening balance in the account
Closing balance in the account
Change attributable to:
Money market activity
LAF today
Cumulative
Time
change
$ million
(hours)
($million)
1,932
0930
+868
2,197
1000
+868
1100
+868
+868
1200
+868
-603
1500
+868
1600
+868
LAF rate 4.00% bid/6.00% offer TWI 123.5 +0.0* 04.03.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.70
2 years
2802
5.16
99.74
5.37
1 month
4.80
3 years
3901
5.57
99.99
5.65
3 months
4.92
5 years
5012
6.38
101.05
6.21
6 months
5.02
7 years
7302 6.02
97.34
6.61
12 months
5.06
5 years
M502
7.30
103.54
6.51
Total turnover of EF bills and notes - $10,033 million
Closed March 4, 1996
End