XN000022-1995-05-01 — Page 12

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,166

0930

+368

Closing balance in the account

2,438

1000

+368

Change attributable to:

1100

+368

Money market activity

+405

1200

+368

LAF today

-133

1500

+405

1600

+405

LAF rate 4.25% bid/6.25% offer TWI 118.6 *+0.0* 1.5.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

6.16

19 months

2611

6.90

100.54 6.63

1 month 6.13

22 months

2702

7.50

101.47 6.73

3 months 6.09 6 months 12 months 6.28

30 months

3710

7.25

100.80 7.01

6.09

36 months

3804

6.90

99.52 7.21

59 months

5003

7.75

100.55

7.75

Total turnover of bills and bonds - $26,707 million

Closed May 1, 1995

End/Monday, May 1, 1995