XN000022-1994-12-06 — Page 11

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Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change ($million)

1,544

0930

-5

1,424

1000

-5

1100

-25

-78

1200

-24

-42

1500

-44

1600

-78

LAF rate 3.75% bid/5.75% offer TWI 121.9 *-0.1* 6.12.94

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

4.58

18 months

2605

6.35

99.18

7.07

1 month

5.14

24 months

2611

6.90

99.27

7.44

3 months

5.59

29 months

3704

6.15

97.07

7.65

6 months

6.04

35 months

3710

7.25

98.82

7.86

12 months 6.71 58 months

5909

7.45

97.06

8.37

Total turnover of bills and bonds 21,576 million

-

Closed December 6, 1994

end/Tuesday, December 6, 1994