XN000022-1996-09-18 — Page 13

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,039

0930

+121

Closing balance in the account

2,162

1000

+121

Change attributable to:

1100

+121

Money market activity

+123

1200

+123

LAF today

Nil

1500

+123

1600

+123

LAF rate 4.00% bid/6.00% offer TWI 124.6 *+0.1* 18.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.00

2 years

2808

6.00

99.60

6.32

1 month

5.01

3 years

3907

6.80

100.51

6.70

3 months

5.20

5 years

5106

7.32

100.45

7.34

6 months

5.33

7 years

7308

7,24

98.51

7.66

12 months 5.70

5 years

M503 7.35

99.35

7.65

Total turnover of EF bills and notes - $19,311 million

Closed September 18, 1996

End

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