XN000022-1995-01-17 — Page 20

-

19 -

Hong Kong Monetary Authority money market operations

Time

Cumulative change

$ million

(hours)

($million)

Opening balance in the account

1,128

0930

-2,137

Closing balance in the account

2,129

1000

-1,587

Change attributable to:

1100

-837

Money market activity

-848

1200

-837

LAF today

+1,849

1500

-714

1600

-848

LAF rate 3.75% bid/5.75% offer TWI 121.1 *+0.2* 17.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.99

16 months

2605

6.35

98.54

7.65

1 month

6.02

22 months

2611

6.90

98.46

7.96

3 months

6.24

27 months

3704

6.15

96.03

8.25

6 months

6.63

33 months

3710

7.25

97.58

8.41

12 months

7.24

59 months

5912

8.15

97.98

8.85

Total turnover of bills and bonds - $23,380 million

Closed January 17, 1995

End/Tuesday, January 17, 1995