-
16 -
Hong Kong Monetary Authority money market operations
Time
$ million
(hours)
Cumulative change (Smillion)
Opening balance in the account
2,852
0930
-691
Closing balance in the account
2,257
1000
-691
Change attributable to:
1100
-691
Money market activity
- 695
1200
-695
LAF today
+100
1500
-695
1600
-695
*
LAF rate 4.00% bid/6.00% offer TWI 124.6 -0.1* 1.10.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
5.06
2 years
2808
6.00
99.84
6.13
1 month
5.09
3 years
3907
6.80
100.82
6.58
3 months
5.20
5 years
5109
7.32
100.94
7.21
6 months
5.32
7 years
7308
7.24
99.08
7.55
12 months 5.61
5 years
M503 7.35
99.95
7.49
Total turnover of EF bills and notes - $9,531 million
Closed October 1, 1996
End