950807

HK interbank

rates steady, all

eyes on US data

HONG KONG: Hong Kong interbank rates and exchange fund note yields closed almost unchanged.

Overnight cash ended at 5-3/8 1/4 percent against 5-1/4 1/8 on Friday. Three months was 5-11/16 percent either way versus 5-3/4 5/8.

One-week bills were flat, yielding 5.30 percent. Three-year notes yielded 6.49 percent versus 6.52 on Friday and five-year notes were at 7.18 percent, compared to 7.23.

Dealers said the market was sidelined ahead of the release of the US Fed's Beige Book on Wednesday, and jobless claims and producer prices on Thursday.

Total bills and notes turnover was HK$16.60 billion, up from Friday's HK$11.96 billion.

The closing balance in Exchange Fund operations was HK$1.29 billion after HK$1.01 billion was deposited at the discount window.-Reuter