XN000022-1996-05-22 — Page 18

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

(Smillion)

Opening balance in the account

1,941

0930

+20

Closing balance in the account

1,961

1000

+20

Change attributable to:

1100

+20

Money market activity

+20

1200

+20

LAF today

NIL

1500

+20

1600

+20

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.1* 22.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price Yield

1 week

5.22

2 years

2802

6.30

100.56

6.08

1 month

5.11

3 years

3904

6.30

99.60

6.55

3 months

5.15

5 years

5103

6.75

98.57

7.23

6 months

5.24

7 years

7302

6.02

92.31

7.63

12 months 5.56

5 years M502

7.30

99.88

7.47

Total turnover of EF bills and notes - $27,021 million

Closed May 22, 1996

End