XN000022-1996-01-23 — Page 25

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Hong Kong Monetary Authority money market operations

Time

Cumulative change

$ million

(hours)

($million)

Opening balance in the account

2,361

0930

-358

Closing balance in the account

1.718

1000

-59

Change attributable to :

1100

-59

Money market activity

-117

1200

-65

LAF today

-526

1500

-65

1600

-117

LAF rate 4.25% bid/6.25% offer TWI 123.8 *-0.1* 23.1.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.48

2 years

2711

5.60

100.67

5.27

1 month

5.44

3 years

3901

5.57

100.38

5.50

3 months

5.37

5 years

5012

6.38

102.34 5.91

6 months

5.31

7 years

7211

6.82

103.85

6.21

12 months

5.19

5 years

M502

7.30

104.97

6.18

Total turnover of EF bills and notes - $21,643 million

Closed January 23, 1996

End

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