XN000022-1996-06-05 — Page 17

- 16

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,890

0930

+70

Closing balance in the account

2,323

1000

+70

Change attributable to:

1100

+70

Money market activity

+33

1200

+68

LAF today

+400

1500

+68

1600

+33

LAF rate 4.00% bid/6.00% offer TW1 124.4 *+0.2* 5.6.96

Hong Kong Monetary Authority

EF bills

Ef notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.03

2 years

2805

6.30

100.09

6.34

1 month

5.05

3 years

3904

6.30

99.01

6.79

3 months

5.15

5 years

5103

6.75

97.72

7.45

6 months

5.29

7 years

7305

7.60

99.31

7.88

12 months

5.67

5 years

M502 7.30

99.05

7.70

Total turnover of EF bills and notes - $24,254 million

Closed June 5, 1996

End