XN000022-1995-05-25 — Page 26

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,394

0930

+1119

Closing balance in the account

2,855

1000

+1119

Change attributable to:

1100

+1179

Money market activity

+1,181

1200

+1181

LAF today

+280

1500

+1181

1600

+1181

LAF rate 4.25% bid/6.25% offer TWI 119.1 *-0.4* 25.5.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.62

2 years

2705 6.40

100.61

6.16

1 month

5.63

3 years

3804

6.90

101.24

6.53

3 months

5.70

5 years

5003

7.75

103.22

7.07

6 months

5.77

5 years

M501 7.90

101.37

7.71

12 months

5.82

Total turnover of EF bills and notes - $12,126 million

Closed May 25, 1995

End/Thursday, May 25, 1995