XN000022-1996-04-10 — Page 7

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

(Smillion)

Opening balance in the account

2,016

0930

+784

Closing balance in the account

2,080

1000

+784

Change attributable to :

1100

+784

Money market activity

+784

1200

+784

LAF today

-720

1500

+784

1600

+784

LAF rate 4.00% bid/6.00% offer TWI 124.0 *+0.3* 10.4.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.23

2 years

2802

5.16

98.38

6.19

1 month

5.12

3 years

3901

5.57

97.94

6.49

3 months

5.17

5 years

5103

6.75

99.31

7.04

6 months

5.30

7 years

7302

6.02

93.54

7.36

12 months

5.60

5 years

M502

7.30

100.35

7.34

Total turnover of EF bills and notes - $32,263 million

Closed April 10, 1996

End