XN000022-1995-01-03 — Page 11

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,207

0930

-254

Closing balance in the account

1,591

1000

-254

Change attributable to:

1100

-196

Money market activity

-293

1200

-194

LAF today

-323

1500

-293

1600

-293

LAF rate 3.75% bid/5.75% offer TWI 121.5 +0.1* 3.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.14

17 months

2605

6.35

98.76

7.44

1 month

5.20

23 months

2611

6.90

98.74

7.78

3 months

5.61

28 months

3704

6.15

96.49

7.98

6 months

6.23

34 months

3710

7.25

98.27

8.10

12 months

7.02

60 months

5912

8.15

99.51

8.44

Total turnover of bills and bonds 18,138 MN

Closed January 3, 1995

End/Tuesday, January 3, 1995