XN000022-1996-02-26 — Page 11

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,956

0930

-+846

Closing balance in the account

2.482

1000

+846

Change attributable to :

1100

+846

Money market activity

+826

1200

+826

LAF today

-300

1500

+826

1600

+826

LAF rate 4.00% bid/6.00% offer TWI 123.1 *-0.1* 26.2.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.68

2 years

2802

5.16

99.89

5.29

1 month

4.80

3 years

3901

5.57

100.29

5.53

3 months

4.93

5 years

5012

6.38

101.35

6.14

6 months

5.00

7 years

7211

6.82

102.36

6.48

12 months

5.04

5 years

M502

7.30

103.85

6.44

Total turnover of EF bills and notes - $11,223 million

Closed February 26, 1996

End