XN000022-1996-09-12 — Page 46

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,812

0930

+248

Closing balance in the account

1,893

1000

+346

Change attributable to:

1100

+346

Money market activity

+346

1200

+346

LAF today

- 265

1500

+346

1600

+346

LAF rate 4.00% bid/6.00% offer TWI 124.4 *+0.0* 12.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.96

2 years

2808

6.00

99.46

6.40

1 month

5.00

3 years

3907

6.80

100.27

6.80

3 months

5.20

5 years

5106

7.23

99.85

7.40

6 months

5.38

7 years

7308

7.24

97.86

7.79

12 months

5.76

5 years

M503 7.35

98.90

7.77

Total turnover of EF bills and notes - $16,520 million

Closed September 12, 1996

End