XN000022-1996-10-01 — Page 17

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Hong Kong Monetary Authority money market operations

Time

$ million

(hours)

Cumulative change (Smillion)

Opening balance in the account

2,852

0930

-691

Closing balance in the account

2,257

1000

-691

Change attributable to:

1100

-691

Money market activity

- 695

1200

-695

LAF today

+100

1500

-695

1600

-695

*

LAF rate 4.00% bid/6.00% offer TWI 124.6 -0.1* 1.10.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.06

2 years

2808

6.00

99.84

6.13

1 month

5.09

3 years

3907

6.80

100.82

6.58

3 months

5.20

5 years

5109

7.32

100.94

7.21

6 months

5.32

7 years

7308

7.24

99.08

7.55

12 months 5.61

5 years

M503 7.35

99.95

7.49

Total turnover of EF bills and notes - $9,531 million

Closed October 1, 1996

End