Hong Kong Monetary Authority Announces Results of Recent EF Bills Tender

The Hong Kong Monetary Authority (HKMA) has released the results of its latest Exchange Fund Bills tender, showcasing robust market participation. Three primary issues—Q2527, H2556, and Y2591—attracted significant demand, with total applications reaching HK$209.3 billion.

Short-term bills (Q2527) maturing in October 2025 saw the strongest appetite, drawing HK$144.5 billion in bids. The HKMA allotted HK$67.5 billion at an average yield of 0.71%, reflecting tight monetary conditions. Medium-term notes (H2556) demonstrated steeper yields at 1.44%, while the longest-dated issue (Y2591) cleared at 1.77%.

These results highlight institutional cash deployment strategies amid evolving rate expectations. The tender's outcome may influence short-term liquidity dynamics in Asian markets, though no direct cryptocurrency implications were noted.