XN000022-1994-12-02 — Page 22

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Hong Kong Monetary Authority Money Market Operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1851

0930

-70

Closing balance in the account

1746

1000

-63

Change attributable to:

1100

-76

Money market activity

-105

1200

-78

Laf today

Nil

1500

-78

1600

-105

LAF rate 3.75% bid/5.75% offer TWI 121.8 *+0.1* 2.12.94

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon Price Yield

1 week

4.57

18 months

2605

6.35

99.35 6.94

1 month

4.93

24 months

2611

6.90

99.53 7.29

3 months 5.51

29 months

3704

6.15

97.26 7.55

6 months

5.88

35 months

3710

7.25

98.98 7.79

12 months 6.52

58 months

5909

7.45

97.04 8.37

Total turnover of bills and bonds 24,029 million

-

Closed 2 December 1994

end/Frdiay, December 2, 1994