XN000022-1995-06-16 — Page 17

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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

$ million (hours)

Cumulative change ($million)

1,722

0930

+800

1,714

1000

+800

1100

+797

+812

1200

+812

-820

1500

+812

1600

+812

LAF rate 4.25% bid/6.25% offer TWI 118.5*+0.0* 16.6.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

I week

5.35

2 years

2705

6.40

101.09

5.87

1 month

5.46

3 years

3804

6.90

102.19

6.14

3 months

5.49

5 years

5006

6.60

99.70

6.78

6 months

5.55

5 years

M501

7.90

102.97

7.30

12 months

5.68

Total turnover of EF bills and notes - $13,650 million

Closed June 16, 1995

End/Friday, June 16, 1995