XN000022-1996-07-03 — Page 20

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,004

0930

-50

Closing balance in the account

1,630

1000

-50

Change attributable to:

1100

-50

Money market activity LAF today

-49

1200

-50

- 325

1500

-40

1600

-49

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.0* 3.7.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.25

2 years

2805

6.30

100.08

6.35

1 month 5.17

3 years

3904

6.30

99.16

6.74

3 months

5.27

5 years

5106

7.23

100.05

7.35

6 months

5.47

7 years

7305

7.60

100.46

7.65

12 months

5.80

5 years

M502

7.30

99.55

7.56

Total turnover of EF bills and notes - $22,796 million

Closed July 3, 1996

End

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