XN000022-1996-05-16 — Page 21

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,992

0930

Closing balance in the account

2,111

1000

Change attributable to :

1100

Money market activity

-33

1200

LAF today

+152

1500

1600

888888

-33

-33

-33

-33

-33

-33

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.1* 16.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.99

2 years

2802

6.30

100.45

6.15

1 month

5.01

3 years

3904

6.30

99.50

6.59

3 months

5.15

5 years

5103

6.75

98.51

7.24

6 months 5.23

7 years

7302 6.02

92.09

7.67

12 months 5.57

5 years

M502 7.30

99.92

7.45

Total turnover of EF bills and notes $16,376 million

-

Closed May 16, 1996

End