XN000022-1995-07-25 — Page 22

19.

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,130

0930

+173

Closing balance in the account

1,116

1000

+173

Change attributable to:

1100

+165

Money market activity

+166

1200

+166

LAF today

-1180

1500

+166

1600

+166

LAF rate 4.25% bid/6.25% offer TWI 119.0 *+0.0* 25.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon

Price

Yield

1 week

5.30

2 years

2705 6.40

100.79

6.01

1 month

5.38

3 years

3804

6.16

99.50

6.45

3 months

5.45

5 years

5006

6.60

98.46

7.10

6 months

5.54

5 years

M501 7.90

101.95

7.55

12 months

5.62

Total turnover of EF bills and notes - $14.768 million

Closed July 25,1995

End/Tuesday, July 25, 1995