XN000022-1995-01-20 — Page 31

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29.

Hong Kong Monetary Authority money market operations

Time

$ million (hours)

Cumulative

change ($million)

Opening balance in the account

1,767

0930

-540

Closing balance in the account

4,778

1000

-370

Change attributable to :

1100

-402

Money market activity

-336

1200

-336

LAF today

+3,347

1500

-336

1600

-336

LAF rate 3.75% bid/5.75% offer TWI 120.9 *-0.4* 20.1.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

6.47

16 months

2605

6.35

98.33

7.84

1 month

6.54

22 months

2611

6.90

98.27

8.09

3 months

6.66

27 months

3704

6.15

95.79

8.38

6 months

6.96

33 months 3710

7.25

97.31

8.53

12 months 7.58

59 months

5912

8.15

97.40

9.00

Total turnover of bills and bonds - $24,624 million

Closed January 20, 1995

End/Friday, January 20, 1995