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Hong Kong Monetary Authority money market operations

**

Cumulative

Time

change

$million

(hours)

(Smillion)

Opening balance in the account

1,833

0930

+967

Closing balance in the account

1,358

1000

+967

Change attributable to:

1100

+967

Money market activity

+960

1200

+965

LAF today

-1,435

1500

+965

1600

+960

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.0* 16.4.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.93

2 years

2802

5.16

98.67

6.02

1 month

4.99

3 years

3901

5.57

98.28

6.35

3 months

5.07

5 years

5103

6.75

99.44

7.00

6 months

5.17

7 years

7302

6.02

93.68

7.33

12 months 5.48

5 years

M502

7.30

100.56

7.28

Total turnover of EF bills and notes - $21,307 million

Closed April 16, 1996

End

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