· 17-
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)
1,936
0930
+21
1,870
1000
+21
1100
+21
+29
1200
+21
-95
1500
+29
1600
+29
LAF rate 4.00% bid/6.00% offer TWI 124.2 -0.2* 17.7.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon Price Yield
1 week
5.08
2 years
2805
6.30
100.03 6.37
1 month
5.10
3 years
3904
6.30
99.07
6.78
3 months
5.22
5 years
5106
7.23
99.64 7.45
6 months 5.45
7 years
7305
7.60
99.76
7.79
12 months 5.87
5 years
M502
7.30
99.28 7.63
Total turnover of EF bills and notes - $28,251 million
Closed July 17, 1996
End