XN000022-1994-12-21 — Page 16

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,483

0930

-700

Closing balance in the account

1,645

1000

-700

Change attributable to:

1100

-695

Money market activity

-576

1200

-692

LAF today

-262

1500

-692

1600

-576

LAF rate 3.75% bid/5.75% offer TWI 121.8 *+0.0* 21.12.94

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

4.98

17 months

2605

6.35

98.85

7.35

1 month

5.28

23 months

2611

6.90

98.89

7.67

3 months

5.63

28 months

3704

6.15

96.64

7.88

6 months

6.25

34 months

3710

7.25

98.53

7.98

12 months

6.84

57 months

5909

7.45

99.70

8.39

Total turnover of bills and bonds 22,827 million

Closed December 21, 1994

End/Wednesday, December 21, 1994