XN000022-1996-04-23 — Page 16

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,125

0930

+675

Closing balance in the account

1,599

1000

+675

Change attributable to :

1100

+675

Money market activity

+654

1200

+654

LAF today

-1180

1500

+654

1600

+654

LAF rate 4.00% bid/6.00% offer TWI 123.8 *-0.1* 23.4.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.80

2 years

2802

5.16

98.71

6.01

1 month

4.89

3 years

3904

6.30

99.98

6.41

3 months

5.05

5 years

5103

6.75

99.45

7.00

6 months

5.18

7 years

7302

6.02

93.50

7.37

12 months

5.48

5 years

M502

7.30

100.63

7.26

Total turnover of EF bills and notes - $18,730 million

Closed April 23, 1996

End