XN000022-1994-12-23 — Page 36

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34

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,326

0930

-522

Closing balance in the account

1,978

- 1000

-502

Change attributable to:

1100

-432

Money market activity

-430

1200

-430

LAF today

+82

1500

-430

1600

-430

LAF rate 3.75% bid/5.75% offer TWI 121.8 *-0.1* 23.12.94

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.89

17 months

2605

6.35

98.75

7.43

1 month

5.21

23 months

2611 6.90

98.78

7.74

3 months

5.64

28 months

3704 6.15

96.50

7.96

6 months

6,27

34 months

3710 7.25

98.32

8.07

12 months 6.92

60 months 5912 8.15

99.45

8.46

Total turnover of bills and bonds 10,001 million

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Closed December 23, 1994

End Friday, December 23, 1994