-

23

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,017

0930

+385

Closing balance in the account

2,402

1000

+385

Change attributable to :

1100

+385

Money market activity

+400

1200

+400

LAF today

-15

1500

+400

1600

+400

LAF rate 4.25% bid/6.25% offer TWI 122.3 *+0.1* 26.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.68

2 years

2708

6.06

100.17

6.05

1 month

5.69

3 years

3807

6.16

99.68

6.38

3 months

5.70

5 years

5009

6.95

99.92

7.09

6 months

5.72

5 years

M501 7.90

102.03

7.51

12 months 5.74

Total turnover of EF bills and notes - $20,328 million

Closed September 26, 1995

End/Tuesday, September 26, 1995

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