XN000022-1996-03-20 — Page 15

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Hong Kong Monetary Authority money market operations

Time

Cumulative change

$ million

(hours)

($million)

Opening balance in the account

2,007

0930

+794

Closing balance in the account

2,370

1000.

+800

Change attributable to :

1100

+795

Money market activity

+763

1200

+795

LAF today

-400

1500

+814

1600

+763

LAF rate 4.00% bid/6.00% offer TWI 123.6 *-0.2* 20.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

4.68

2 years

2802

5.16

98.42

6.14

1 month

4.90

3 years

3901

5.57

98.15

6.38

3 months

5.14

5 years

5103

6.75

99.46

7.00

6 months

5.21

7 years

7302 6.02

93.65

7.33

12 months

5.60

5 years

M502 7.30

100.54

7.29

Total turnover of EF bills and notes - $34,362 million

Closed March 20, 1996

End