XN000022-1995-09-04 — Page 16

15

Hong Kong Monetary Authority money market operations

Cumulative

Time

change

Smillion

(hours)

($million)

Opening balance in the account

1,561

0930

-353

Closing balance in the account

1,020

1000

-353

Change attributable to:

1100

-353

Money market activity

-353

1200

-353

LAF today

-188

1500

1600

LAF rate 4.25% bid/6.25% offer TWI 121.9 *-0.2* 4.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.71

2 years

2708 6.06

100.17

6.05

1 month

5.72

3 years

3807

6.16

99.60

6.41

3 months

5.74

5 years

5006

6.60

98.79

7.02

6 months

5.77

5 years

M501 7.90

101.97

7.53

12 months 5.80

Total turnover of EF bills and notes - $16,620 million

Closed September 4, 1995

End/Monday, September 4, 1995