34 -

Hong Kong Monetary Authority money market operations

Time

$ million

(hours)

Cumulative

change ($million)

Opening balance in the account

3,063

0930

+109

Closing balance in the account

2,728

1000

+109

Change attributable to:

1100

+109

Money market activity

+105

1200

+114

LAF today

-440

1500

+114

1600

+105

LAF rate 4.25% bid/6.25% offer TWI 122.0 *+0.1* 19.10.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.51

2 years

2708

6.06

100.56

5.81

1 month

5.53

3 years

3807

6.16

100.32

6.12

3 months

5.58

5 years

5009

6.95

101.12

6.79

6 months

5.60

5 years

M501

7.90

103.10

7.22

12 months 5.61

Total turnover of EF bills and notes - $19,517 million

Closed October 19, 1995

End/Thursday, October 19, 1995

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