XN000022-1995-02-22 — Page 11

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,337

0930

+1,633

Closing balance in the account

1,813

1000

+1,633

Change attributable to:

1100

+1,654

Money market activity

+1,636

1200

+1,655

LAF today

-1,160

1500

+1,656

1600

+1,636

LAF rate 4.25% bid/6.25% offer TWI 120.4 *-0.2* 22.2.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.34

15 months

2605

6.35

99.05

7.29

1 month

5.53

24 months

2702

7.50

99.97

7.66

3 months

6.36

29 months

3707

6.95

98.50

7.78

6 months

6.70

35 months

3801

8.00

100.56

7.93

12 months 7.18

58 months

5912

8.15

99.51

8.44

Total turnover of bills and bonds - $27,166 million

Closed February 22, 1995

End/Wednesday, February 22, 1995