-

15 -

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,216

0930

-8

Closing balance in the account

1,192

1000

-8

Change attributable to:

1100

-8

Money market activity

-8

1200

-8

LAF today

-16

1500

-8

1600

-8

** **

LAF rate 4.25% bid/6.25% offer TWI 122.2 *+0.1* 18.8.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.73

2 years

1 month

5.78

3 years

2708 6.06 3807 6.16

99.67

6.34

98.74

6.75

3 months

5.80

5 years

5006

6.60

97.24

7.42

6 months

5.83

5 years

M501

7.90

100.76

7.85

12 months 5.95

Total turnover of EF bills and notes - $14,786 million

Closed August 18, 1995

End/Friday, August 18, 1995

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