XN000022-1995-01-11 — Page 9

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Hong Kong Monetary Authority money market operations

Time

$ million (hours)

Cumulative change ($million)

Opening balance in the account

1,230

0930

-180

Closing balance in the account

805

1000

-183

Change attributable to:

1100

-183

Money market activity

-265

1200

-182

LAF today

-160

1500

-182

1600

-265

LAF rate 3.75% bid/5.75% offer TWI 121.0 *+0.0* 11.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.00

17 months

2605

6.35

98.53

7.65

1 month

5.29

23 months

2611

6.90

98.40

7.99

3 months

5.83

28 months

3704

6.15

95.99

8.26

6 months

6.57

34 months

3710

7.25

97.57

8.40

12 months

7.24

60 months

5912

8.15

97.94

8.86

Total turnover of bills and bonds - $43,428 million

Closed January 11, 1995

End/Wednesday, January 11, 1995