XN000022-1996-09-26 — Page 26

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24

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Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change ($million)

2,253

0930

-94

2,359

1000

-94

1100

-94

-94

1200

-94

+200

1500

-94

1600

-94

LAF rate 4.00% bid/6.00% offer TWI 124.5 *+0.2* 26.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.09

2 years

2808

6.00

99.88

6.16

1 month

5.07

3 years

3907

6.80

100.91

6.54

3 months 5.17 6 months

5

years 5109

7.32

101.02

7.19

5.29 12 months 5.57

7 years

7308

7.24

98.18

7.53

5 years M503

7.35

100.13

7.45

Total turnover of EF bills and notes - $10,947 million

Closed September 26, 1996

End