13
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,375
0930
-218
Closing balance in the account
2,852
1000
-218
Change attributable to:
1100
-218
Money market activity
- 208
1200
-218
LAF today
+685
1500
-208
1600
-208
LAF rate 4.00% bid/6.00% offer TWI 124.7 *+0.1* 30.9.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
5.07
2 years
2808
6.00
99.91
6.14
1 month 5.11
3 years
3907
6.80
100.92
6.54
3 months
5.19
5 years
5109
7.32
101.06
7.18
6 months 5.31
7 years
7308 7.24
99.24
7.52
12 months 5.60
5 years
M503
7.35
100.06
7.47
Total turnover of EF bills and notes - $8,308 million
Closed September 30, 1996
End