–
12 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
1,940
0930
+17
Closing balance in the account
2,259
1000
+17
Change attributable to:
1100
+17
Money market activity
+19
1200
+19
LAF today
+300
1500
+19
1600
+19
LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 23.8.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
4.95
2 years
2808
6.00
99.88
6.16
1 month
4.99
3 years
3907
6.80
100.92
6.55
3 months 5.13
5 years
5106
7.23
100.90
7.12
6 months 5.26
7 years
7305
7.24
99.37
7.49
12 months 5.55
5 years
M503 7.35
99.83
7.53
Total turnover of EF bills and notes - $11,406 million
Closed August 23, 1996
End