XN000022-1996-07-16 — Page 12

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,939

0930

+17

Closing balance in the account

1,936

1000

+17

Change attributable to:

I 100

+17

Money market activity

+17

1200

+17

LAF today

- 20

1500

+17

1600

+17

LAF rate 4.00% bid/6.00% offer TWI 124.4 *-0.2* 16.7.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.07

2 years

2805

6.30

99.89

6.46

1 month 5.15

3 years

3904

6.30

98.91

6.85

3 months

5.30

5 years

5106

7.23

99.43

7.50

6 months

5.49

7 years

7305

7,60

99.51

7.84

12 months

5.94

5 years

M502 7.30

99.10

7.69

Total turnover of EF bills and notes - $8,918 million

Closed July 16, 1996

End