XN000022-1996-06-14 — Page 23

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Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change ($million)

2,140

0930

-183

2,160

1000

-183

1100

-183

-180

1200

-180

+200

1500

-180

1600

-180

LAF rate 4.00% bid/6.00% offer TWI 124.1 *+0.2* 14.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.06

2 years

2805

6.30

99.82

6.50

1 month

5.14

3 years

3904

6.30

98.73

6.91

3 months

5.29

5 years

5106

7.23

99.17

7.57

6 months

5.50

7

years

7305 7.60

99.15

7.91.

12 months

5.90

5 years

M502 7.30

98.90

7.74

Total turnover of EF bills and notes $15,793 million

Closed June 14, 1996

End