XN000022-1995-09-19 — Page 21

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,073

0930

-721

Closing balance in the account

2,336

1000

-721

Change attributable to:

1100

-721

Money market activity

-724

1200

-715

LAF today

+987

1500

-715

1600

-724

LAF rate 4.25% bid/6.25% offer TWI 123.4*+0.0* 19.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price Yield

1 week

5.85

2 years

2708

6.06

100.21 6.03

1 month

5.81

3 years

3807

6.16

99.82 6.32

3 months

5.80

5 years

5006

6.95

100.33 6.99

6 months 5.81

5 years

M501

7.90

102.44 7.40

12 months 5.81

Total turnover of EF bills and notes - $13,011 million

Closed September 19, 1995

End/Tuesday, September 19, 1995