XN000022-1995-07-24 — Page 16

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,591

0930

+715

Closing balance in the account

2,130

1000

+715

Change attributable to:

1100

+720

Money market activity

+706

1200

+712

LAF today

-167

1500

+717

1600

+706

LAF rate 4.25% bid/6.25% offer TWI 119.0 -0.1* 24.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

5.35

2 years

2705

6.40

100.76

6.03

1 month

5.40

3 years

3804

6.90

101.53

6.38

3 months

5.48

5 years

5006 6.60

98.33

7.13

6 months

5.58

5 years

M501 7.90

101.76

7.59

12 months 5.67

Total turnover of EF bills and notes - $5,523 million

Closed July 24,1995

End/Monday, July 24, 1995