XN000022-1996-04-12 — Page 18

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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

change

$ million

(hours)

(Smillion)

1,878

0930

+924

1,939

1000

+924

1100

+924

+906

1200

+924

-845

1500

+926

1600

+906

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.0* 12.4.96

Hong Kong Monetary Authority

EF bills

EF notes

Term

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.12

2 years

2802

5.16

98.36

6.21

1 month

5.08

3 years

3901

5.57

97.87

6.52

3 months

5.15

5 years

5103

6.75

98.90

7.14

6 months

5.28

7 years

7302

6.02

93.04

7.46

12 months

5.58

5 years M502

7.30

100.24

7.31

Total turnover of EF bills and notes - $19,420 million

Closed April 12, 1996

End