XN000022-1995-07-31 — Page 14

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,498

0930

+786

Closing balance in the account

2,164

1000

+786

Change attributable to:

1100

+826

Money market activity

+811

1200

+826

LAF today

-145

1500

+814

1600

+811

LAF rate 4.25% bid/6.25% offer TWI 119.0 *+0.0* 31.7.95

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

5.38

3 years

3807

6.16

99.26

6.54

3 months

5.47

5 years

5006

6.60

98.10

7.19

6 months

5.57

5 years M501

7.90

101.52

7.65

12 months

5.69

Total turnover of EF bills and notes - $12,157 million

Closed July 31, 1995

End/Monday, July 31, 1995