32 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million (hours)

($million)

Opening balance in the account

1,307

0930

+1,193

Closing balance in the account

2,485

1000

+1,193

Change attributable to:

1100

+1,195

Money market activity

+1,195

1200

+1,195

LAF today

-17

1500

+1,195

1600

+1,195

LAF rate 4.25% bid/6.25% offer TWI 119.3 +0.0* 19.5.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.78

18 months

2611

6.90

101.10

6.21

1 month

5.76

24 months

2705

7.40

100.18

6.40

3 months

5.80

29 months

3710

7.25

101.68

6.60

6 months

5.90

35 months

3804

6.90

100.53

6.81

12 months

6.07

58 months 5003

7.75

102.24

7.32

Total turnover of bills and bonds - $ 12,911 million

Closed May 19, 1995

End/Friday, May 19, 1995

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