XN000022-1996-05-10 — Page 26

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"When the index exceeds 100, people already suffering from asthma, lung or heart illnesses are advised to reduce physical exertion and laborious outdoor activities. The current level should have little effect on a healthy person."

The API forecast for the territory tomorrow (Saturday) is 75 for the urban area, 80 for the industrial area and 75 for the new development area.

Members of the public can check the API readings on 2827 8541.

End

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,680

0930

+522

Closing balance in the account

1,699

1000

+432

Change attributable to:

1100

+432

Money market activity

+419

1200

+432

LAF today

- 400

1500

+419

1600

+419

LAF rate 4.00% bid/6.00% offer TWI 123.5 *+0.0* 10.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.75

2 years

2802

5.16

98.42

6.21

1 month

4.94

3 years

3904

6.30

99.13

6.74

3 months

5.14

5 years

5103

6.75

98.00

7.37

6 months

5.28

7 years

7302 6.02

91.34

7.82

12 months

5.61

5 years

M502

7.30

99.36

7.61

Total turnover of EF bills and notes - $15,123 million

Closed May 10, 1996

End