XN000022-1995-01-13 — Page 26

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,981

0930

-5,304

Closing balance in the account

2,735

1000

-5,992

Change attributable to:

1100

-5,482

Money market activity

-1,828

1200

-3,927

LAF today

+1,582

1500

-1,825

1600

-1,828

LAF rate 3.75% bid/5.75% offer TWI 120.8 *+0.0* 13.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week 1 month 8.24

8.09

17 months

2605

6.35

97.83

8.24

23 months

2611

6.90

97.60 8.50

3 months

7.75

28 months

3704

6.15

94.98

8.79

6 months 7.88

34 months

3710

7.25

96.37

8.93

12 months 8.10

60 months

5912

8.15

96.32

9.30

Total turnover of bills and bonds - 43,650 MN

Closed January 13, 1995

End/Friday, January 13, 1995