-

31

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,965

0930

+666

Closing balance in the account

1,167

1000

+666

Change attributable to:

1100

+651

Money market activity

+654

. 1200

+654

LAF today

-1,452

1500

+654

1600

+654

LAF rate 4.25% bid/6.25% offer TWI 118.1 *-0.1* 28.3.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.99

14 months

2605

6.35

100.44

6.02

I month

5.04

23 months

2702

7.50

102.00

6.46

3 months

5.37

28 months

3707

6.95

100.94

6.61

6 months

5.58

34 months

3801

8.00

103.14

6.87

12 months 5.89

60 months

5003

7.75

102.05

7.38

Total turnover of bills and bonds - $20,918 million

Closed March 28, 1995

End/Tuesday, March 28, 1995

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