XN000022-1996-11-29 — Page 35

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Hong Kong Monetary Authority Money Market Operations

Cumulative

Time

change

$ million (hours)

($million)

Opening balance in the account

3,756

0930

-256

Closing balance in the account

5,720

1000

-256

Change attributable to:

1100

+744

Money market activity

+2,293

1200

+2171

LAF today

-329

1500

+2171

1600

+2293

LAF rate 4.00% bid/6.00% offer TWI 124.8 *+0.1* 29.11.96

Hong Kong Monetary Authority

EF Bills

EF Notes/MTRC Notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.13

2 years

2811

5.72

100.35

5.60

1 month

4.69

3 years

3910

6.28

101.00

5.98

3 months

4.63

5 years

5109

7.32

103.60

6.53

6 months

4.73

7 years

7311

6.80

100.32

6.86

12 months

5.08

10 years 1610

7.37

102.76

7.10

5 years

M503

7.35

102.34

6.87

Total turnover of EF Bills and Notes - $18,609 million

Closed November 29, 1996

End