XN000022-1995-07-27 — Page 7

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,240

0930

+60

Closing balance in the account

1,805

1000

+60

Change attributable to:

1100

+65

Money market activity

+65

1200

+65

LAF today

-500

1500

+65

1600

+65

LAF rate 4.25% bid/6.25% offer TWI 119.0 *-0.2* 27.7.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield.

Term

Issue

Coupon

Price

Yield

1 week

5.30

2 years

2705

6.40

100.64

6.10

1 month

5.40

3 years

3807

6.16

99.28

6.53

3 months

5.46

5 years

5006

6.60

98.08

7.19

6 months

5.57

5 years

M501 7.90

101.55

7.65

12 months

5.67

Total turnover of EF bills and notes - $11,694 million

Closed July 27, 1995

End/Thursday, July 27, 1995