XN000022-1995-07-03 — Page 10

9.

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

Cumulative

Time

$ million

(hours)

change ($million)

1,623

0930

+888

1,499

1000

+888

1100

+898

+898

1200

+898

-1,022

1500

+898

1600

+898

LAF rate 4.25% bid/6.25% offer TWI 118.3*+0.0* 3.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.31

2 years

2705

6.40

100.90

5.97

1 month

5.37

3 years

3804

6.90

101.79

6.29

3 months

5.46

5 years

5006 6.60

99.01

6.95

6 months

5.51

5 years

M501

7.90

102.50

7.41

12 months

5.62

Total turnover of EF bills and notes - $13,600 million

Closed July 3, 1995

End/Monday, July 3, 1995