XN000022-1995-03-23 — Page 20

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,908

0930

+705

Closing balance in the account

2,632

1000

+694

Change attributable to :

1100

+704

Money market activity

+704

1200

+704

LAF today

+20

1500

+704

1600

+704

LAF rate 4.25% bid/6.25% offer TWI 117.9 *-0.2* 23.3.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.06

14 months

2605

6.35

100.15

6.30

1 month

5.17

23 months

2702

7.50

101.45

6.79

3 months

5.54

28 months

3707

6.95

100.26

6.94

6 months

5.79

34 months

3801

8.00

102.35

7.19

12 months

6.21

60 months

5003

7.75

100.68

7.73

Total turnover of bills and bonds - $6,657 million

Closed March 23, 1995

End/Thursday, March 23, 1995