15

HONG KONG MONETARY AUTHORITY

MONEY MARKET OPERATIONS

WEDNESDAY, JULY 20, 1994

$ MILLION

TIME (HOURS)

CUMULATIVE CHANGE

($MILLION)

OPENING BALANCE IN THE ACCOUNT

2,170

0930

-750

CLOSING BALANCE IN THE ACCOUNT

CHANGE ATTRIBUTABLE TO :

1,429

1000

-793

1100

-741

MONEY MARKET ACTIVITY

-741

1200

-741

LAF TODAY

NIL

1500

-741

1600

-741

LAF RATE 2.50 BID/4.50 OFFER

TW1 122.8 *+0.3*

20.7.94

HONG KONG MONETARY AUTHORITY

EF BILLS

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUR COUPON PRICE

YIELD

1 WEEK

4.14

16 MONTHS

2511

4.15

98.33

5.53

1 MONTH

4.08

22 MONTHS

2605

6.35

100.77

5.98

3 MONTHS

4.28

27 MONTHS

3610

4.20

95.76

6.33

6 MONTHS

4.60

30 MONTHS

3701

4.60

95.87

6.51

12 MONTHS

5.25

33 MONTHS

3704

6.15

99.03

6.64

TOTAL TURNOVER OF BILLS AND BONDS 18,612 MN

CLOSED 20 JULY 1994

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