13 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,197

0930

+605

Closing balance in the account

2,184

1000

+605

Change attributable to:

1100

+605

Money market activity

+605

1200

+605

LAF today

- 618

1500

+605

1600

+605

LAF rate 4.00% bid/6.00% offer TWI 123.6 *+0.1* 05.03.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issué

Coupon Price

Yield

1 week

4.67

2 years

2802

5.16

99.81

5.33

1 month

4.79

3 years

3901

5.57

100.09

5.61

3 months

4.92

5 years

5012

6.38

101.25

6.16

6 months

5.02

7 years

7302

6.02

97.52

6.57

12 months

5.07

5 years

M502 7.30

103.68

6.48

Total turnover of EF bills and notes - $13,484 million

Closed March 5, 1996

End

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