-

- 25

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,359

0930

-200

Closing balance in the account

2,375

1000

-200

Change attributable to:

1100

-200

Money market activity

- 219

1200

-200

LAF today

+235

1500

-200

1600

-219

LAF rate 4.00% bid/6.00% offer TWI 124.6 *+0.1* 27.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.11

2 years

2808

6.00

99.93

6.13

1 month

5.12

3 years

3907 6.80

100.96

6.52

3 months

5.18

5 years

5109

7.32

101.06

7.18

6 months

5.30

7 years

7308

7.24

99.27

7.51

12 months 5.59

5 years

M503

7.35

100.07

7.46

Total turnover of EF bills and notes - $14,423 million

Closed September 27, 1996

End

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