-

Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity LAF today

Cumulative

Time

$ million (hours)

change ($million)

1,870

0930

+88

1,922

1000

+88

1100

+88

+92

1200

+88

-

.40

1500

+92

1600

+92

LAF rate 4.00% bid/6.00% offer TWI 124.0 *-0.2* 18.7.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.08

2 years

2805

6.30

100.06

6.36

1 month

5.10

3 years

3904

6.30

99.13

6.75

3 months

5.26

5 years

5106

7.23

99.77

7.42

6 months

5.46

7 years

7305

7.60

99.95

7.75

12 months

5.87

5 years

M502 7.30

99.33

7.62

Total turnover of EF bills and notes - $9,112 million

Closed July 18, 1996

End

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