XN000022-1996-06-19+20 — Page 10

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,740

0930

+218

Closing balance in the account

1,950

1000

+218

Change attributable to:

1100

+218

Money market activity

+230

1200

+220

LAF today

-20

1500

+230

1600

+230

LAF rate 4.00% bid/6.00% offer TWI 124.1 *0.0* 19.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

4.94

2 years

2805

6.30

99.99

6.40

1 month 5.05

3 years

3904

6.30

98.99

6.80

3 months 5.21

5 years

5106

7.23

99.58

7.47

6 months

5.44

7 years

7305

7.60

99.64

7.81

12 months

5.81

5 years

M502 7.30

99.17

7.66

Total turnover of EF bills and notes - $22,437 million

Closed June 19, 1996

End

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