XN000022-1996-09-30 — Page 14

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,375

0930

-218

Closing balance in the account

2,852

1000

-218

Change attributable to:

1100

-218

Money market activity

- 208

1200

-218

LAF today

+685

1500

-208

1600

-208

LAF rate 4.00% bid/6.00% offer TWI 124.7 *+0.1* 30.9.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.07

2 years

2808

6.00

99.91

6.14

1 month 5.11

3 years

3907

6.80

100.92

6.54

3 months

5.19

5 years

5109

7.32

101.06

7.18

6 months 5.31

7 years

7308 7.24

99.24

7.52

12 months 5.60

5 years

M503

7.35

100.06

7.47

Total turnover of EF bills and notes - $8,308 million

Closed September 30, 1996

End