14 -
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 ($million)
1,937
0930
+22
2,084
1000
+22
1100
+22
+17
1200
+20
+130
1500
+20
1600
+17
LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.2* 28.8.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
5.00
2 years
2808
6.00
99.68 6.27
I month
5.01
3 years
3907
6.80
100.66 6.65
3 months
5.16
5 years
5106
7.23
100.46 7.24
6 months 5.30
7 years
7308
7.24
98.78 7.61
12 months
5.63
5 years
M503 7.35
99.60 7.59
Total turnover of EF bills and notes - $16,349 million
Closed August 28, 1996
End