XN000022-1995-08-21 — Page 16

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,327

0930

-113

Closing balance in the account

1,078

1000

-113

Change attributable to :

1100

-124

Money market activity

-124

1200

-124

LAF today

-125

1500

-124

1600

-124

LAF rate 4.25% bid/6.25% offer TWI 121.9 *-0.2* 21.8.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.75

2 years

2708 6.06

99.73

6.34

1 month

5.76

3 years

3807

6.16

98.85

6.70

3 months

5.78

5 years

5006 6.60

97.43

7.37

6 months

5.82

5 years

M501

7.90

100.79

7.84

12 months 5.93

Total turnover of EF bills and notes - $8,472 million

Closed August 21, 1995

End/Monday, August 21, 1995