XN000022-1995-07-19 — Page 22

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million (hours)

change ($million)

Opening balance in the account

2,104

0930

+196

Closing balance in the account

1,901

1000

+196

Change attributable to:

1100

+196

Money market activity

+197

1200

+197

LAF today

-400

1500

+197

1600

+197

LAF rate 4.25% bid/6.25% offer TWI 119.0 *-0.3* 19.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.38

2 years

2705 6.40

100.97

5.91

1 month

5.42

3 years

3804

6.90

101.86

6.25

3 months

5.47

5 years

5006

6.60

98.89

6.99

6 months

5.53

5 years

M501 7.90

102.29

7.46

12 months

5.58

Total turnover of EF bills and notes - $12,299 million

Closed July 19, 1995

End/Wednesday, July 19, 1995