XN000022-1996-06-25 — Page 25

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,089

0930

-131

Closing balance in the account

1,667

1000

-131

Change attributable to:

1100

-131

Money market activity

-132

1200

-132

LAF today

-290

1500

-132

1600

-132

LAF rate 4.00% bid/6.00% offer TWI 124.5 +0.0* 25.6.96

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

5.02

3 years

3904

6.30

98.98 6.81

3 months

5.20

5 years

5106

7.23

99.54 7.48

6 months

5.43

7 years

7305

7.60

99.64

7.81

12 months

5.82

5 years M502

7.30

99.26

7.64

Total turnover of EF bills and notes - $11,803 million

Closed June 25, 1996

End