XN000022-1996-10-29 — Page 11

10.

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,649

0930

+51

Closing balance in the account

2,174

1000

+248

Change attributable to:

1100

+248

Money market activity

+248

1200

+248

LAF today

- 723

1500

+248

1600

+248

LAF rate 4.00% bid/6.00% offer TWI 125.1 *+0.1* 29.10.96

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

100.37

5.86

1 month

4.88

3 years

3910

6.28

100.13

6.33

3 months 4.95 6 months

5 years

5109

7.32

102.08

6.92

5.04

12 months 5.31

7 years

7308

7.24

100.42

7.29

10 years

1610 7.37

99.38

7.60

5 years M503 7.35

100.86

7.26

Total turnover of EF bills and notes - $11,412 million

Closed October 29, 1996

End