XN000022-1996-03-26 — Page 17

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16.

Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change ($million)

2.921

0930

-122

2.807

1000

-122

1100

-122

-114

1200

-114

Nil

1500

-114

1600

-114

LAF rate 4.00% bid/6.00% offer TWI 123.6 *+0.0* 26.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.86

2 years

2802

5.16

98.86

5.89

I month

4.92

3 years

3901

5.57

98.76

6.14

3 months

5.06

5 years

5103

6.75

100.93

6.63

6 months 5.14

7

years

7302 6.02

95.61

6.94

12 months 5.46

5 years

M502 7.30

102.10

6.87

Total turnover of EF bills and notes - $22,002 million

Closed March 26, 1996

End