XN000022-1996-11-05 — Page 14

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,355

0930

+545

Closing balance in the account

2.349

1000

+545

Change attributable to:

1100

+545

Money market activity

+544

1200

+544

LAF today

- 550

1500

+544

1600

+544

LAF rate 4.00% bid/6.00% offer TWI 124.7 *+0.0* 5.11.96

Hong Kong Monetary Authority

EF notes/MTRC

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.93

2 years

2808

6.00

100.61

5.71

1 month

4.93

3 years

3910

6.28

100.59 6.15

3 months

4.95

5 years

5109

7.32

102.93 6.71

6 months

5.00

7 years

7308

7.24

101.59 7.06

12 months 5.27

10 years

1610

7.37

100.94

7.37

5 years M503 7.35

101.71

7.04

Total turnover of EF bills and notes - $8,833 million

Closed November 5, 1996

End