XN000022-1995-01-23 — Page 32

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Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Cumulative

Time

$ million (hours)

change ($million)

3,303

0930

-1,289

3,389

1000

-989

1100

-19

-188

1200

+215

+274

1500

-188

1600

-188

LAF rate 3.75% bid/5.75% offer TWI 121.0 *+0.1* 23.1.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

6.83

16 months

2605

6.35

98.28

7.89

1 month

6.88

22 months

2611

6.90

98.15

8.17

3 months

6.98

27 months

3704

6.15

95.78

8.39

6 months

7.16

33 months

3710

7.25

97.23

8.56

12 months

7.62

59 months

5912

8.15

97.26

9.04

Total turnover of bills and bonds - $32,652 MN

Closed January 23, 1995

End/Monday, January 23, 1995