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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,730

0930

-770

Closing balance in the account

1,890

1000

-770

Change attributable to :

1100

-770

Money market activity

-770

1200

-770

LAF today

-70

1500

-770

1600

-770

LAF rate 4.00% bid/6.00% offer TWI 124.2 *+0.2* 4.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.02

2 years

2805

6.30

100.07

6.36

1 month

5.05

3 years

3904

6.30

99.00

6.79

3 months 5.15

5 years

5103

6.75

97.74

7.45

6 months 5.28

7 years

7305 7.60

99.25

7.89

12 months 5.67

5 years

M502 7.30

99.21

7.65

Total turnover of EF bills and notes - $16,226 million

Closed June 4, 1996

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End