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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,961

0930

Nil

Closing balance in the account

1,941

1000

Nil

Change attributable to:

1100

Nil

Money market activity

Nil

1200

+4

LAF today

-20

1500

+4

1600

Nil

LAF rate 4.00% bid/6.00% offer TWI 124.0 *+0.0* 21.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.07

2 years

2805

6.30

100.53

6.10

1 month

5.06

3 years

3904 6.30

99.58

6.56

3 months

5.15

5 years

5103

6.75

98.56

7.23

6 months

5.24

7 years

7302

6.02

92.26

7.64

12 months

5.57

5 years

M502 7.30

99.93

7.45

Total turnover of EF bills and notes - $8,766 million

Closed May 21, 1996

End