XN000022-1996-07-02 — Page 12

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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 (Smillion)

2,785

0930

-825

2,004

1000

-825

1100

-825

-834

1200

-826

+53

1500

-826

1600

-834

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.1* 2.7.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price Yield

1 week

5.17

2 years

2805

6.30

100.22

6.28

1 month 5.12

3 years

3904

6.30

99.33

6.67

3 months

5.21

5 years

$106

7.23

100.28

7.29

6 months

5.41

7 years

7305

7.60

100.71

7.60

12 months 5.74

5 years M502

7.30

99.87

7.47

Total turnover of EF bills and notes - $12,374 million

Closed July 2, 1996

End