XN000022-1995-06-26 — Page 24

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,545

0930

+964

Closing balance in the account

2,524

1000

+964

Change attributable to:

1100

+1,015

Money market activity

+979

1200

+1,015

LAF today

NIL

1500

+1,015

1600

+979

LAF rate 4.25% bid/6.25% offer TWI 118.3 *+0.0* 26.6.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.34

2 years

2705

6.40

101.28

5.75

1 month

5.39

3 years

3804

6.90

102.39

6.06

3 months

5.43

5 years

5006

6.60

100.02

6.70

6 months

5.47

5 years

M501 7.90

103.31

- 7.21

12 months

5.53

Total turnover of EF bills and notes - $ 8,380 million

Closed June 26,1995

End/Monday, June 26, 1995