· 20 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
1,961
0930
Nil
Closing balance in the account
1,941
1000
Nil
Change attributable to:
1100
Nil
Money market activity
Nil
1200
+4
LAF today
-20
1500
+4
1600
Nil
LAF rate 4.00% bid/6.00% offer TWI 124.0 *+0.0* 21.5.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
5.07
2 years
2805
6.30
100.53
6.10
1 month
5.06
3 years
3904 6.30
99.58
6.56
3 months
5.15
5 years
5103
6.75
98.56
7.23
6 months
5.24
7 years
7302
6.02
92.26
7.64
12 months
5.57
5 years
M502 7.30
99.93
7.45
Total turnover of EF bills and notes - $8,766 million
Closed May 21, 1996
End