10 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,402

0930

+6

Closing balance in the account

1,971

1000

+6

Change attributable to:

1100

+6

Money market activity LAF today

-2

1200

+6

-429

1500

-2

1600

-2

LAF rate 4.25% bid/6.25% offer TWI 122.3 *+0.0* 27.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.82

2 years

2708

6.06

100.13

6.07

1 month

5.77

3 years

3807

6.16

99.64

6.40

3 months

5.75

5 years

5009

6.95

99.84

7.11

6 months

5.75

5 years M501

7.90

101.84

7.56

12 months 5.77

Total turnover of EF bills and notes - $15,214 million

Closed September 27, 1995

End/Wednesday, September 27, 1995

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