XN000022-1995-03-16 — Page 15

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

(Smillion)

Opening balance in the account

1,354

0930

+1,268

Closing balance in the account

1,567

1000

+1,258

Change attributable to:

1100

+1,248

Money market activity

+1,251

1200

+1,251

LAF today

-1,038

1500

+1,251

1600

+1,251

LAF rate 4.25% bid/6.25% offer TWI 118.2 *-0.3* 16.3.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

4.94

14 months

2605

6.35

100.07

6.38

1 month

5.17

23 months

2702

7.50

101.50

6.77

3 months

5.61

28 months

3707

6.95

100.29

6.93

6 months

5.92

34 months 3801

8.00

102.40

7.18

12 months

6.24

57 months

5912

8.15

102.52

7.65

Total turnover of bills and bonds - $15,959 million

Closed March 16, 1995

End/Thursday, March 16, 1995