XN000022-1996-03-18 — Page 14

· 13-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,559

0930

+1240

Closing balance in the account

2,165

1000

+1240

Change attributable to :

1100

+1240

Money market activity

+1,252

1200

+1254

LAF today

-646

1500

+1254

1600

+1252

LAF rate 4.00% bid/6.00% offer TWI 123.7 +0.0* 18.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.60

2 years

2802

5.16

98.39

6.16

1 month

4.88

3 years

3901

5.57

98.07

6.42

3 months

5.18

5 years

5012

6.38

98.25

6.93

6 months

5.29

7 years

7302

6.02

93.73

7.31

12 months

5.60

5 years

M502

7.30

100.73

7.24

Total turnover of EF bills and notes - $27,485 million

Closed March 18, 1996

End