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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

change

$ million (hours)

($million)

2,128

0930

+28

2,199

1000

+28

1100

+28

+31

1200

+31

+40

1500

+31

1600

+31

LAF rate 4.00% bid/6.00% offer TWI 124.8 *-0.1* 4.10.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.87

2 years

2808

6.00

100.02

6.07

1 month

4.99

3 years

3907

6.80

101.11

6.46

3 months

5.16

5 years

5109

7.32

101.49

7.08

6 months

5.27

7 years 7308

7.24

99.72

7.42

12 months

5.57

5 years

M503

7.35

100.49

7.36

Total turnover of EF bills and notes $8,065 million

Closed October 4, 1996

+

End