XN000022-1995-03-21 — Page 23

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,417

0930

+1,172

Closing balance in the account

1,366

1000

+1,199

Change attributable to:

1100

+1,200

Money market activity

+1,200

1200

+1,200

LAF today

-1,251

1500

+1,200

1600

+1,200

LAF rate 4.25% bid/6.25% offer TWI 118.2 *+0.1* 21.3.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

4.84

14 months

2605

6.35

100.15

6.30

1 month

5.11

23 months

2702 7.50

101.51

6.76

3 months

5.52

28 months

3707

6.95

100.34

6.90

6 months

5.79

34 months

12 months

6.16

60 months

5003

3801 8.00 7.75

102.47

7.15

100.86

7.68

Total turnover of bills and bonds - $20,547 million

Closed March 21, 1995

End/Tuesday, March 21, 1995