XN000022-1995-07-17 — Page 18

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,663

0930

+648

Closing balance in the account

1,813

1000

+648

Change attributable to :

1100

+650

Money market activity

+650

1200

+650

LAF today

-500

1500

+652

1600

+650

LAF rate 4.25% bid/6.25% offer TWI 119.2 *+0.2* 17.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.37

2 years

2705

6.40

101.01

5.89

1 month

5.41

3 years

3804

6.90

101.92

6.23

3 months

5.45

5 years

5006

6.60

99.27

6.89

6 months

5.50

5 years

M501 7.90

102.75

7.34

12 months

5.58

Total turnover of EF bills and notes - $10,622 million

Closed July 17, 1995

End/Monday, July 17, 1995