XN000022-1996-08-09 — Page 22

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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

Cumulative

Time

$ million (hours)

change ($million)

1,956

0930

+3

1,959

1000

+3

1100

+3

+3

1200

+3

Nil

1500

+3

1600

+3

LAF rate 4.00% bid/6.00% offer TWI 123.8 *-0.1* 9.8.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.00

2 years

2805

6.30

100.49

6.09

1 month

5.05

3 years

3907

6.80

101.01 6.52

3 months

5.17

5 years

5106

7.23

101.07

7.08

6 months 5.30

7 years

7305

7.60

101.71 7.41

12 months 5.64

5 years M502

7.30

100.64 7.25

Total turnover of EF bills and notes - $11,327 million

Closed August 9, 1996

End