XN000022-1996-02-27 — Page 25

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,482

0930

+320

Closing balance in the account

1,931

1000

+320

Change attributable to:

1100

+320

Money market activity

+322

1200

+324

LAF today

- 873

1500

+324

1600

+322

LAF rate 4.00% bid/6.00% offer TWI 123.0 -0.1* 27.2.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.71

2 years

2802

5.16

99.76

5.36

1 month

.4.83

3 years

3901

5.57

100.02

5.64

3 months

4.95

5 years

5012

6.38

101.01

6.23

6 months

5.05

7 years

7302

6.02

97.14

6.64

12 months 5.08

5 years

M502 7.30

103.50

6.52

Total turnover of EF bills and notes - $24,439 million

Closed February 27, 1996

End