XN000022-1996-01-11 — Page 38

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,875

0930

+130

Closing balance in the account

1,965

1000

+130

Change attributable to:

1100

+130

Money market activity

+90

1200

+125

LAF today

NIL

1500

+125

1600

+90

LAF rate 4.25% bid/6.25% offer TWI 123.2 *+0.0* 11.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.52

2 years

2711

5.60

100.31

5.49

1 month

5.49

3 years

3810

6.15

101.39

5.68

3 months

5.45

5 years

5012

6.38

101.46

6.12

6 months

5.43

7 years

7211

6.82

102.98

6.38

12 months

5.40

5 years

M502

7.30

103.98

6.43

Total turnover of EF bills and notes - $15,881 million

Closed January 11, 1996

End