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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

2,140

1000

NIL

Change attributable to :

1100

NIL

Money market activity

-1

1200

LAF today

+180

1500

ד ד'

-1

1600

-1

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.0* 23.5.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.18

2 years

2805

6.30

100.59

6.07

1 month

5.09

3 years

3904

6.30

99.61

6.55

3 months

5.14

5 years

5103

6.75

98.58

7.23

6 months 5.22

7 years

7302

6.02

92.40

7.61

12 months

5.53

5 years

M502

7.30

100.05

7.42

Total turnover of EF bills and notes - $13,176 million

Closed May 23, 1996

End