XN000022-1995-03-20 — Page 11

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Hong Kong Monetary Authority money market operations

**

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,579

0930

+1,073

Closing balance in the account

1,417

1000

+1,073

Change attributable to:

1100

+1,026

Money market activity

+1,026

1200

+1,026

LAF today

-1,188

1500

+1,026

1600

+1,026

LAF rate 4.25% bid/6.25% offer TWI 118.1 *+0.0* 20.3.95

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

EF bills

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

4.90

14 months

2605

6.35

100.07

6.38

1 month

5.16

23 months

2702

7.50

101.39

6.83

3 months

5.57

28 months

3707

6.95

100.18

6.98

6 months

5.86

34 months

3801

8.00

102.30

7.22

12 months

6.22

57 months

5912

8.15

102.37

7.68

Total turnover of bills and bonds - $12,210 million

Closed March 20, 1995

End/Monday, March 20, 1995