XN000022-1995-01-12 — Page 41

39 -

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

805

0930

-1,766

Closing balance in the account

2,981

1000

-3,366

Change attributable to:

1100

-3,066

Money market activity

-659

1200

-5,418

LAF today

+2,835

1500

-939

1600

-659

LAF rate 3.75% bid/5.75% offer TWI 120.8 *-0.2* 12.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.59

17 months

2605

6.35

98.48 7.69

1 month

5.55

23 months

2611

6.90

98.38 8.01

3 months

5.90

28 months

3704

6.15

95.96 8.27

6 months

6.66

34 months

3710

7.25

97.51 8.43

12 months 7.31

60 months

5912

8.15

97.87

8.88

Total turnover of bills and bonds $51,489 mn

Closed January 12, 1995

End/Thursday, January 12, 1995