XN000022-1996-01-19 — Page 31

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,551

0930

-550

Closing balance in the account

2,344

1000

-550

Change attributable to :

1100

-550

Money market activity

-562

1200

-550

LAF today

+355

1500

-550

1600

-562

LAF rate 4.25% bid/6.25% offer TWI 123.8 *+0.2* 19.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

5.45

2 years

2711

5.60

100.66

5.28

1 month

5.42

3 years

3810

6.15

101.97

5.44

3 months

5.36

5 years

5012

6.38

102.43

5.89

6 months

5.31

7 years

7211

6.82

104.10

6.17

12 months

5.20

5 years

M502

7.30

105.00

6.17

Total turnover of EF bills and notes - $12,623 million

Closed January 19, 1996

End