19
Hong Kong Monetary Authority money market operations
Opening balance in the account
Closing balance in the account
Change attributable to:
Money market activity
LAF today
Cumulative
Time
$ million
(hours)
change ($million)
2,903
0930
-2
2,959
1000
-2
1100
-2
-9
1200
-3
+65
1500
-3
1600
-9
LAF rate 4.00% bid/6.00% offer TWI 124.9 *+0.1* 1.11.96
Hong Kong Monetary Authority
EF notes/MTRC
EF bills
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.93
2 years
2808 6.00
100.73
5.64
1 month
4.88
3 years
3910 6.28
100.68
6.11
3 months
4.90
5 years
5109 7.32
102.99
6.69
6 months 4.92
7 years
7308
7.24
101.68
7.04
12 months 5.21
10 years
1610
7.37
101.00
7.36
5 years
M503
7.35
100.76
7.03
Total turnover of EF bills and notes - $15.258 million
Closed November 1, 1996
End