XN000022-1996-03-21 — Page 25

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

(Smillion)

Opening balance in the account

2,370

0930

+437

Closing balance in the account

2,638

1000

+437

Change attributable to:

1100

+433

Money market activity

+433

1200

+433

LAF today

- 165

1500

+434

1600

+433

LAF rate 4.00% bid/6.00% offer TWI 123.6 *+0.0* 21.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.81

2 years

2802

5.16

98.53

6.08

1 month

5.02

3 years

3901

5.57

98.31

6.32

3 months

5.19

5 years

5103

6.75

99.90

6.89

6 months

5.27

7 years

7302 6.02

94.25

7.21

12 months

5.65

5 years

M502 7.30

101.20

7.11

Total turnover of EF bills and notes - $22,330 million

Closed March 21, 1996

End