XN000022-1996-10-25 — Page 23

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2.189

0930

+307

Closing balance in the account

2,331

1000

+307

Change attributable to:

1100

+310

Money market activity

+314

1200

+313

LAF today

- 172

1500

+313

1600

+314

LAF rate 4.00% bid/6.00% offer TWI 124.9 *+0.1* 25.10.96

Hong Kong Monetary Authority

EF bills

EF notes/MTRC

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.97

2 years

2808

6.00

100.31

5.89

1 month 4.91

3 years

3910

6.28

99.98

6.39

3 months

4.98

5 years

5109

7.32

101.96

6.95

6 months 5.07

7 years

7308 7.24

100.28

7.31

12 months 5.33

5 years

M503 7.35

100.75

7.29

Total turnover of EF bills and notes - $8,668 million

Closed October 25, 1996

End