XN000022-1996-02-07 — Page 16

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Hong Kong Monetary Authority money market operations

Time

$ million

(hours)

Cumulative change ($million)

Opening balance in the account

2,953

0930

-453

Closing balance in the account

2,776

1000

-453

Change attributable to:

1100

-453

Money market activity

-450

1200

-450

LAF today

+273

1500

-450

1600

-450

LAF rate 4.00% bid/6.00% offer TWI 123.5 *+0.1* 7.2.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.00

2 years

2711

5.60

100.92 5.11

1 month

5.02

3 years

3901

5.57

100.85

5.32

3 months

5.01

5 years

5012

6.38

102.55 5.85

6 months

5.00

7 years

7211

6.82

104.06

6.17

12 months

5.00

5 years

M502

7.30

105.02

6.16

Total turnover of EF bills and notes - $36,182 million

Closed February 7, 1996

End