10 -
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)
1,527
0930
+435
1,952
1000
+435
1100
+435
+425
1200
+435
NIL
1500
+435
1600
+425
LAF rate 4.00% bid/6.00% offer TWI 123.8 *+0.0* 14.8.96
Hong Kong Monetary Authority
EF bills
EF notes
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.96
2 years
2808
6.00
99.84
6.18
1 month
5.03
3 years
3907
6.80
100.93 6.55
3 months
5.17
5 years
5106
7.23
101.09 7.08
6 months 5.30
7 years 7305
7.60
101.63
7.42
12 months 5.62
5 years M502
7.30
100.27 7.35
Total turnover of EF bills and notes - $13,118 million
Closed August 14, 1996
End