XN000022-1995-07-18 — Page 19

-

18 -

-

Hong Kong Monetary Authority money market operations

*

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

1,813

0930

+490

Closing balance in the account

2,104

1000

+490

Change attributable to:

1100

+486

Money market activity

+496

1200

+496

LAF today

-205

1500

+496

1600

+496

LAF rate 4.25% bid/6.25% offer TWI 119.3 *+0.1* 18.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.35

2 years

2705 6.40

101.00

5.89

1 month

5.41

3 years

3804

6.90

101.95

6.21

3 months

5.47

5 years

5006

6.60

99.25

6.90

6 months

5.52

5 years

M501

7.90

102.75

7.34

12 months

5.57

Total turnover of EF bills and notes - $14,570 million

Closed July 18, 1995

End/Tuesday, July 18, 1995