XN000022-1995-07-11 — Page 23

- 22

-

Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,528

0930

+990

Closing balance in the account

1,565

1000

+990

Change attributable to :

1100

+985

Money market activity

+988

1200

+988

LAF today

-951

1500

+988

1600

+988

LAF rate 4.25% bid/6.25% offer TWI 119.0 *+0.0* 11.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.22

2 years

2705

6.40

101.40

5.66

1 month

5.30

3 years

3804

6.90

102.61

5.96

3 months

5.35

5 years

5006

6.60

100.40

6.61

6 months

5.39

5 years

M501

7.90

103.73

7.10

12 months

5.43

Total turnover of EF bills and notes - $ 10,811 million

Closed July 11,1995

End/Tuesday, July 11, 1995