XN000022-1996-08-05 — Page 12

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,512

0930

+446

Closing balance in the account

1,838

1000

+446

Change attributable to:

1100

+446

Money market activity

+446

1200

+446

LAF today

- 120

1500

+446

1600

+446

LAF rate 4.00% bid/6.00% offer TWI 123.6 -0.1* 5.8.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.95

2 years

2805

6.30

100.62

6.01

1 month

5.01

3 years

3907

6.80

101.18

6.46

3 months

5.13

5 years

5106 7.23

101.34

7.02

6 months

5.26

7 years

7305 7.60

102.06

7.34

12 months 5.55

5 years

M502 7.30

100.78

7.21

Total turnover of EF bills and notes - $29,259 million

Closed August 5, 1996

End