XN000022-1995-06-15 — Page 20

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Hong Kong Monetary Authority money market operations

Opening balance in the account

Closing balance in the account

Change attributable to:

Money market activity

LAF today

Time

Cumulative change

$ million (hours)

($million)

2,057

0930

+443

1,722

1000

+440

1100

+462

+465

1200

+465

-800

1500

+465

1600

+465

LAF rate 4.25% bid/6.25% offer TWI 118.5 +0.0* 15.6.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.20

2 years

2705

6.40

101.26

5.78

1 month

5.37

3 years

3804

6.90

102.41

6.06

3 months

5.42

5 years

5006

6.60

100.03

6.70

6 months

5.46

5 years

M501

7.90

103.34

7.21

12 months

5.58

Total turnover of EF bills and notes - $16,836 million

Closed June 15, 1995

End/Thursday, June 15, 1995