XN000022-1996-08-19 — Page 11

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,655

0930

+309

Closing balance in the account

1,574

1000

+309

Change attributable to:

1100

+309

Money market activity

+309

1200

+309

LAF today

- 390

1500

+309

1600

+309

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 19.8.96

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.88

2 years

2808

6.00

99.92

6.13

1 month

4.98

3 years

3907

6.80

101.03

6.51

3 months 5.14

5 years

5106

7.23

101.14

7.06

6 months

5.27

7 years

7305

7.60

101.80

7.39

12 months 5.57

5 years

M503

7.35

99.99

7.49

Total turnover of EF bills and notes - $4,804 million

Closed August 19, 1996

End