XN000022-1996-10-09 — Page 15

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,980

0930

+180

Closing balance in the account

2,130

1000

+180

Change attributable to:

1100

+180

Money market activity

+180

1200

+180

LAF today

- 30

1500

+180

1600

+180

LAF rate 4,00% bid/6.00% offer TWI 124.7 +0.1* 9.10.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.82

2 years

2808

6.00

100.11

6.02

1 month

4.94

3 years

3907

6.80

101.23

6.41

3 months

5.13

5 years

5109

7.32

101.70

7.02

6 months 5.23

7 years

7308 7.24

99.99

7.37

12 months 5.50

5 years

M503 7.35

100.63

7.32

Total turnover of EF bills and notes - $14,063 million

Closed October 9, 1996

End