· 22 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,084
0930
-129
Closing balance in the account
1,978
1000
-129
Change attributable to:
1100
-129
Money market activity
- 126
1200
-126
LAF today
+20
1500
-126
1600
-126
LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 29.8.96
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
99.61
6.31
1 month
5.02
3 years
3907
6.80
100.53
6.70
3 months
5.16
5 years
5106
7.23
100.24
7.29
6 months
5.31
7 years
7308
7.24
98.57
7.65
12 months 5.65
5 years
M503 7.35
99.42
7.63
Total turnover of EF bills and notes $5,236 million
Closed August 29, 1996
End