XN000022-1996-09-24 — Page 18

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,101

0930

+55

Closing balance in the account

2,313

1000

+55

+

Change attributable to:

1100

+55

Money market activity

+55

1200

+55

LAF today

+157

1500

+55

1600

+55

LAF rate 4.00% bid/6.00% offer TWI 124.4 -0.1* 24.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.08

2 years

2808

6.00

99.64

6.30

1 month

5.09

3 years

3907

6.80

100.56

6.68

3 months

5.19

5 years

5109

7.32

100.50

7.33

6 months 5.34

7 years

7308

7.24

98.53

7.66

12 months 5.69

5 years

M503 7.35

99.44

7.63

Total turnover of EF bills and notes - $7,414 million

Closed September 24, 1996

End