XN000022-1995-06-01 — Page 42

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,333

0930

+170

Closing balance in the account

2,383

1000

+170

Change attributable to:

1100

+190

Money market activity

+195

1200

+190

LAF today

-145

1500

+195

1600

+195

LAF rate 4.25% bid/6.25% offer TWI 118.8 *+0.7* 1.6.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.67

2 years

2705

6.40

100.74

6.08

1 month

5.68

3 years

3804

6.90

101.62

6.38

3 months

5.71

5 years

5003

7.75

103.69

6.95

6 months

5.75

5 years

M501 7.90

101.92

7.57

12 months

5.82

Total turnover of EF bills and notes - $13,669 million

Closed June 1, 1995

End/Thursday, June 1, 1995