XN000022-1995-07-06 — Page 32

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,871

0930

+642

Closing balance in the account

1,777

1000

+642

Change attributable to:

1100

+592

Money market activity

+592

1130

+592

LAF today

- 686

1500

+592

1600

+592

LAF rate 4.25% bid/6.25% offer TWI 118.4 *+0.1* 6.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.32

2 years

1 month

5.39

3 years

3 months

5.47

5 years

2705 6.40 3804

5006 6.60

100.96

5.93

6.90

101.96

6.22

99.32

6.88

6 months

5.52

5 years

M501

7.90

102.75

7.35

12 months 5.62

Total turnover of EF bills and notes - $9,117 million

Closed July 6, 1995

End/Thursday, July 6, 1995