8

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,184

0930

+616

Closing balance in the account

2.137

1000

+616

Change attributable to:

1100

+616

Money market activity

+613

1200

+616

LAF today

-660

1500

+616

1600

+613

LAF rate 4.00% bid/6.00% offer TWI 123.5 *-0.1* 06.03.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.68

2 years

2802

5.16

99.43

5.54

1 month

4.86

3 years

3901

5.57

99.60

5.80

3 months

4.99

5 years

5012

6.38

100.57

6.33

6 months 5.11

7 years

7302

6.02

96.76

6.72

12 months

5.19

5 years M502

7.30

103.18

6.60

Total turnover of EF bills and notes - $35,533 million

Closed March 6, 1996

End

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