26-

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,235

0930

+1,477

Closing balance in the account

2,498

1000

+1,477

Change attributable to:

1100

+1,497

Money market activity

+1,497

1200

+1,497

LAF today

-234

1500

+1,497

1600

+1,497

LAF rate 4.25% bid/6.25% offer TWI 119.0 *-0.4* 6.3.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

I week

5.20

15 months

2605

6.35

99.56

6.84

1 month

5.39

24 months

2702

7.50

100.67

7.25

3 months 5.98

29 months

3707

6.95

99.26 7.42

6 months

6.31

35 months

3801

8.00

101.27 7.64

12 months 6.67

58 months

5912

8.15

100.62

8.15

Total turnover of bills and bonds - $10,895 million

Closed March 6, 1995

End/Monday, March 6, 1995

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