-

14

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,264

0930

+1723

Closing balance in the account

1,592

1000

+1723

Change attributable to:

1100

+1673

Money market activity

+1,673

1200

+1673

LAF today

-1,345

1500

+1673

1600

+1673

LAF rate 4.25% bid/6.25% offer TWI 120.4 *-0.2* 20.2.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.66

15 months

2605

6.35

99.12

7.22

1 month

6.00

21 months

2611

6.90

99.34

7.44

3 months

6.39

29 months

3707

6.95

98.64

7.71

6 months

6.70

35 months

3801

8.00

100.66

7.89

12 months

7.01

58 months

5912

8.15

99.75

8.38

Total turnover of bills and bonds - $9,783 MN

Closed February 20, 1995

End/Monday, February 20, 1995

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