XN000022-1996-08-23 — Page 13

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,940

0930

+17

Closing balance in the account

2,259

1000

+17

Change attributable to:

1100

+17

Money market activity

+19

1200

+19

LAF today

+300

1500

+19

1600

+19

LAF rate 4.00% bid/6.00% offer TWI 123.9 *+0.0* 23.8.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.95

2 years

2808

6.00

99.88

6.16

1 month

4.99

3 years

3907

6.80

100.92

6.55

3 months 5.13

5 years

5106

7.23

100.90

7.12

6 months 5.26

7 years

7305

7.24

99.37

7.49

12 months 5.55

5 years

M503 7.35

99.83

7.53

Total turnover of EF bills and notes - $11,406 million

Closed August 23, 1996

End