XN000022-1995-01-25 — Page 8

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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

Time

$ million (hours)

Cumulative change (Smillion)

1,567

0930

+336

2,031

1000

+426

1100

+406

+464

1200

+466

NIL

1500

+466

1600

+464

LAF rate 3.75% bid/5.75% offer TWI 121.0 +0.0* 25.1.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.68

16 months

2605

6.35

98.57

7.65

1 month

6.20

22 months

2611

6.90

93.94

8.08

3 months

6.76

27 months

3704

6.15

97.50

8.23

6 months

6.90

36 months

3801

8.00

99.42

8.39

12 months

7.49

59 months

5912

8.15

98.10

8.82

Total turnover of bills and bonds - $45,355 million

Closed January 25, 1995

End/Wednesday, January 25, 1995