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20

Hong Kong Monetary Authority Interbank Liquidity

Aggregate Balance Of Settlement

Time

Accounts

Opening aggregate balance

436 mn

0930 hr

9,008 mn

Closing aggregate balance

594 mn

1000 hr

19,301 mn

Change attributable to:

1100 hr

23,552 mn

Money market activity

-349 mn

1200 hr

32,701 mn

LAF reversal

+7,847 mn

1500 hr

32,608 mn

LAF today

-7,340 mn

1600 hr

34,426 mn

Laf rate 4.00% bid/6.00% offer Twi 125.5 *-0.1* 10.1.97

Hong Kong Monetary Authority

Ef notes/Mtrc notes

Ef bills

Terms

Yield

Terms

Issue

Coupon

Price

Yield

1 week

4.38

2 years

2811

5.72

100.24

5.65

I month

4.44

3 years

3910

6.28

100.66

6.10

3 months

4.53

5 years

5112

6.57

99.70

6.75

6 months

4.75

7 years

7311

6.80

99.11

7.08

12 months

5.09

10 years

1610

7.37

100.97 7.36

5 years

M503

7.35

101.77 7.01

Total turnover of ef bills and notes - $23,920 mn

Closed January 10, 1997

End

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