XN000022-1996-06-28 — Page 36

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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

Time

$ million (hours)

Cumulative change ($million)

1,732

0930

+226

7,516

1000

+226

1100

+226

+630

1200

+230

+5,154

1500

+230

1600

+630

LAF rate 4.00% bid/6.00% offer TWI 124.40 *-0.1* 28.6.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price Yield

1 week

5.18

2 years

2805

6.30

100.04 6.37

1 month

5.11

3 years

3904

6.30

99.08

6.77

3 months

5.24

5 years

5106

7.23

99.80

7.41

6 months

5.47

7 years

7305

7.60

99.96

7.75

12 months

5.82

5 years

M502

7.30

99.49 7.57

Total turnover of EF bills and notes - $23.329 million

Closed June 28, 1996

End