XN000022-1995-07-21 — Page 21

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,004

0930

+297

Closing balance in the account

1,721

1000

+297

Change attributable to:

1100

+297

Money market activity

+297

1200

+297

LAF today

-580

1500

+297

1600

+297

LAF rate 4.25% bid/6.25% offer TWI 119.2 *+0.2* 21.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.28

2 years

2705 6.40

100.83

5.99

1 month

5.40

3 years

3804

6.90

101.60

6.35

3 months

5.47

5 years

5006

6.60

98.55

7.07

6 months

5.53

5 years

M501 7.90

102.00

7.53

12 months

5.61

Total turnover of EF bills and notes - $9,729 million

Closed July 21, 1995

End/Friday, July 21, 1995