- 11 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
$ million
(hours)
change ($million)
Opening balance in the account
1,939
0930
+17
Closing balance in the account
1,936
1000
+17
Change attributable to:
I 100
+17
Money market activity
+17
1200
+17
LAF today
- 20
1500
+17
1600
+17
LAF rate 4.00% bid/6.00% offer TWI 124.4 *-0.2* 16.7.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue Coupon Price
Yield
1 week
5.07
2 years
2805
6.30
99.89
6.46
1 month 5.15
3 years
3904
6.30
98.91
6.85
3 months
5.30
5 years
5106
7.23
99.43
7.50
6 months
5.49
7 years
7305
7,60
99.51
7.84
12 months
5.94
5 years
M502 7.30
99.10
7.69
Total turnover of EF bills and notes - $8,918 million
Closed July 16, 1996
End