XN000022-1994-12-20 — Page 16

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours) ($million)

Opening balance in the account

4,055

0930

-2,350

Closing balance in the account

2,483

1000

-2,100

Change attributable to:

1100

-2,100

Money market activity

-2,098

1200

-2,098

LAF today

+526

1500

-2,098

1600

-2,098

LAF rate 3.75% bid/5.75% offer TWI 121.8 *-0.1* 20.12.94

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5,12

17 months

2605 6.35

98.82

7.37

1 month

5.34

23 months

2611

6.90

98.80

7.73

3 months

5.66

28 months

3704

6.15

96.54

7.93

6 months

6.21

34 months

3710

7.25

98.39

8.04

12 months 6.89

57 months

5909

7.45

99.47

8.45

Total turnover of bills and bonds 16,442 million

-

Closed December 20, 1994

End/Tuesday, December 20, 1994