XN000022-1996-01-09 — Page 36

34.

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,190

0930

-190

Closing balance in the account

1,950

1000

-190

Change attributable to:

1100

-190

Money market activity

-190

1200

-190

LAF today

-50

1500

-190

1600

-190

LAF rate 4.25% bid/6.25% offer TWI 123.3 *+0.0* 9.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.38

2 years

2711

5.60

100.40

5.44

1 month

5.38

3 years

3810

6.15

101.60

5.60

3 months

5.38

5 years

5012

6.38

101.93 6.01

6 months

5.38

7 years

7211

6.82

103.46

6.29

12 months

5.37

5 years

M502

7.30

104.29

6.35

Total turnover of EF bills and notes - $12,615 million

Closed January 9, 1996

End