- 11 -
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
$ million (hours)
change (Smillion)
2,785
0930
-825
2,004
1000
-825
1100
-825
-834
1200
-826
+53
1500
-826
1600
-834
LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.1* 2.7.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price Yield
1 week
5.17
2 years
2805
6.30
100.22
6.28
1 month 5.12
3 years
3904
6.30
99.33
6.67
3 months
5.21
5 years
$106
7.23
100.28
7.29
6 months
5.41
7 years
7305
7.60
100.71
7.60
12 months 5.74
5 years M502
7.30
99.87
7.47
Total turnover of EF bills and notes - $12,374 million
Closed July 2, 1996
End