XN000022-1996-08-02 — Page 20

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,918

0930

+41

Closing balance in the account

2,352

1000

+41

Change attributable to:

1100

+41

Money market activity

+34

1200

+38

LAF today

+400

1500

+43

1600

+34

LAF rate 4.00% bid/6.00% offer TWI 123.7 -0.1* 2.8.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.04

2 years

2805

6.30

100.35

6.18

1 month

5.07

3 years

3907

6.80

100.74

6.63

3 months

5.23

5 years

5106

7.23

100.62

7.20

6 months

5.40

7 years

7305

7.60

101.14

7.52

12 months

5.72

5 years

M502 7.30

100.27

7.35

Total turnover of EF bills and notes - $8,896 million

Closed August 2, 1996

End