· 10 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,220
0930
+38
Closing balance in the account
2,058
1000
+38
Change attributable to:
1100
+38
Money market activity
+38
1200
+38
LAF today
- 200
1500
+38
1600
+38
LAF rate 4.00% bid/6.00% offer TWI 124.8 *+0.0* 14.10.96
Hong Kong Monetary Authority
EF bills
EF notes/MTRC
Terms
Yield
Term
Issue
Coupon Price
Yield
1 week
4.83
2 years
2808
6.00
100.14
6.00
1 month
4.94
3 years
3907
6.80
101.30
6.38
3 months
5.12
5 years
5109
7.32
101.71
7.02
6 months
5.20
7 years
7308
7.24
99.99
7.37
12 months
5.45
5 years
M503
7.35
100.68
7.31
Total turnover of EF bills and notes - $9,349 million
Closed October 14, 1996
End