XN000022-1995-05-08 — Page 20

19.

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,205

0930

+1323

Closing balance in the account

1,371

1000

+1323

Change attributable to:

1100

+1323

Money market activity

+1,286

1200

+1294

LAF today

-1,120

1500

+1294

1600

+1286

LAF rate 4.25% bid/6.25% offer TWI 117.9 *-0.4* 8.5.95

EF bills

Hong Kong Monetary Authority

EF notes/Hong Kong Government bonds

Terms

Yield

Term

Issue Coupon Price

Yield

I week

5.56

19 months

2611

6.90

101.01

6.29

1 month

5.64

22 months

2702 7.50

102.03

6.37

3 months

5.73

30 months

3710

7.25

101.65

6.62

6 months

5.83

36 months

3804

6.90

100.56

6.80

12 months

6.04

59 months

5003

7.75

102.28

7.31

Total turnover of bills and bonds - $ 13,708 million

Closed May 8, 1995

End/Monday, May 8, 1995