XN000022-1996-03-29 — Page 28

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,483

0930

+320

Closing balance in the account

3,216

1000

+320

Change attributable to :

1100

+320

Money market activity

+323

1200

+323

LAF today

+410

1500

+323

1600

+323

LAF rate 4.00% bid/6.00% offer TWI 123.6 *-0.1* 29.3.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.10

2 years

2802

5.16

98.54

6.08

1 month

5.03

3 years

3901

5.57

98.37

6.30

3 months

5.09

5 years

5103

6.75

100.10

6.84

6 months 5.16

7 years

7302 6.02

94.71

7.12

12 months 5.50

5 years

M502 7.30

101.36

7.07

Total turnover of EF bills and notes - $23,136 million

Closed March 29, 1996

End