HKMA Exchange Fund Bills tender results published
HKMA published Exchange Fund Bills tender results and announced the next tender for the week of 8 June 2026.
Routine EFB tender outcomes inform HKD short-term rate benchmarks and liquidity conditions. Banks operating in HKD should incorporate yields and allotment ratios into funding, collateral and liquidity stress assumptions.
EFB issuance impacts HKD liquidity, repo collateral and short-term funding pricing for HK-active institutions.
Action Required
Update treasury and liquidity desks on HKD short-term funding benchmarks and adjust collateral planning.
Continued EFB tendering underpins HKD money market functioning and HKMA liquidity operations.
Routine EFB tender results inform HKD liquidity and collateral planning. No immediate control change required; monitor allotment trends for funding stress signals.
““Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level. Tenders to be held in the week beginning – 8 June 2026.”
Published: 2026-06-02