XN000022-1996-01-18 — Page 13

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,906

0930

+93

Closing balance in the account

2,551

1000

+93

Change attributable to:

1100

+93

Money market activity

+95

1200

+98

LAF today

+550

1500

+98

1600

+95

LAF rate 4.25% bid/6.25% offer TWI 123.6 *-0.1* 18.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.43

2

years

2711

5.60

100.68

5.27

1 month

5.40

3 years

3810

6.15

102.01

5.43

3 months

5.35

5 years

5012

6.38.

102.53

5.86

6 months

5.30

7 years

7211 6.82

104.28

6.14

12 months

5.18

5 years

M502 7.30

105.10

6.15

Total turnover of EF bills and notes - $20,146 million

Closed January 18, 1996

End