44
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
1,812
0930
+248
Closing balance in the account
1,893
1000
+346
Change attributable to:
1100
+346
Money market activity
+346
1200
+346
LAF today
- 265
1500
+346
1600
+346
LAF rate 4.00% bid/6.00% offer TWI 124.4 *+0.0* 12.9.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.96
2 years
2808
6.00
99.46
6.40
1 month
5.00
3 years
3907
6.80
100.27
6.80
3 months
5.20
5 years
5106
7.23
99.85
7.40
6 months
5.38
7 years
7308
7.24
97.86
7.79
12 months
5.76
5 years
M503 7.35
98.90
7.77
Total turnover of EF bills and notes - $16,520 million
Closed September 12, 1996
End