XN000022-1994-12-29 — Page 15

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,818

0930

+156

Closing balance in the account

2,034

1000

+156

Change attributable to:

1100

+256

Money market activity

+256

1200

+256

LAF today

-40

1500

+256

1600

+256

LAF rate 3.75% bid/5.75% offer TWI 121.5 *-0.3* 29.12.94

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.43

17 months

2605

6.35

98.82 7.39

1 month 5.28

23 months

2611

6.90

98.85 7.70

3 months

5.65

28 months

3704

6.15

96.61 7.91

6 months

6.26

34 months

3710

7.25

98.47 8:01

12 months 7.02

60 months

5912

8.15

99.70 8.39

Total turnover of bills and bonds 11,969 million

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Closed December 29, 1994

End/Thursday, December 29, 1994