XN000022-1995-04-20 — Page 22

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,554

0930

+131

Closing balance in the account

2,065

1000

+131

Change attributable to:

1100

+145

Money market activity

+139

1200

+143

LAF today

-628

1500

+143

1600

+139

LAF rate 4.25% bid/6.25% offer TWI 118.2 *+0.5* 20.4.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.19

13 months

2605

6.35

100.46 5.98

1 month

5.19

22 months

2702

7.50

102.00 6.42

3 months 5.39

27 months

3707

6.95

100.85 6.64

6 months

5.59

33 months

3801

8.00

103.04 6.89

12 months 5.93

59 months

5003

7.75

101.64

7.48

Total turnover of bills and bonds - $14,462 million

Closed April 20, 1995

End/Thursday, April 20, 1995