XN000022-1996-03-25 — Page 12

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,769

0930

+1,029

Closing balance in the account

2,921

1000

+1,029

Change attributable to:

1100

+1,029

Money market activity

+1,032

1200

+1,032

LAF today

+120

1500

+1,032

1600

+1,032

LAF rate 4.00% bid/6.00% offer TWI 123.6 *-0.1* 25.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.78

2 years

2802

5.16

98.61

6.03

1 month

4.91

3 years

3901

5.57

98.43

6.27

3 months

5.09

5 years

5103

6.75

100.30

6.79

6 months

5.16

7 years

7302

6.02

94.79

7.10

12 months

5.58

5 years

M502 7.30

101.47

7.04

Total turnover of EF bills and notes $18,543 million

Closed March 25, 1996

+

End