XN000022-1996-04-25 — Page 24

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Hong Kong Monetary Authority money market operations

Time

Cumulative change

$ million

(hours)

($million)

Opening balance in the account

2,616

0930

-17

Closing balance in the account

1,872

1000

-117

Change attributable to:

1100

-117

Money market activity

-114

1200

-114

LAF today

-630

1500

-114

1600

-114

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.1* 25.4.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.89

2 years

2802

5.16

98.63

6.06

1 month

4.98

3 years

3904

6.30

99.84

6.46

3 months

5.14

5 years

5103

6.75

99.11

7.09

6 months

5.24

7 years

7302

6.02

93.08

7.46

12 months 5.53

5 years

M502

7.30

100.42

7.32

Total turnover of EF bills and notes - $19,169 million

Closed April 25, 1996

End