- 17 -
Hong Kong Monetary Authority money market operations
Cumulative
Time
change
$ million
(hours)
($million)
Opening balance in the account
2,655
0930
+241
Closing balance in the account
2,895
1000
+241
Change attributable to:
1100
+241
Money market activity
+245
1200
+245
LAF today
-5
1500
+245
1600
+245
LAF rate 4.00% bid/6.00% offer TWI 124.6 *-0.4* 7.11.96
Hong Kong Monetary Authority
EF notes/MTRC
EF bills
Terms
Yield
Term
Issue
Coupon
Price
Yield
1 week
4.89
2 years
2808
6.00
100.60
5.71
1 month
4.90
3 years
3910 6.28
100.53
6.17
3 months
4.94
5 years
5109
7.32
102.90
6.71
6 months
5.00
7 years
7308
7.24
101.78
7.02
12 months
5.27
10 years
1610
7.37
101.23
7.32
5 years
M503
7.35
101.73
7.03
Total turnover of EF bills and notes - $14,886 million
Closed November 7, 1996
End