XN000022-1996-08-07 — Page 11

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10

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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

Time

$ million (hours)

Cumulative change ($million)

1,835

0930

+123

1,924

1000

+123

1100

+123

+124

1200

+127

- 35

1500

+127

1600

+124

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.2* 7.8.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.98

2 years

2805

6.30

100.51

6.07

1 month

5.04

3 years

3907

6.80

101.03

6.51

3 months

5.15

5 years

5106

7.23

101.06

7.09

6 months

5.27

7 years

7305

7.60

101.71

7.41

12 months 5.63

5 years

M502 7.30

100.53

7.28

Total turnover of EF bills and notes - $22,086 million

Closed August 7, 1996

End