XN000022-1995-09-25 — Page 14

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change (Smillion)

Opening balance in the account

1,396

0930

+603

Closing balance in the account

2,017

1000

+603

Change attributable to:

1100

+603

Money market activity

+1001

1200

+573

LAF today

-380

1500

+1006

1600

+1001

LAF rate 4.25% bid/6.25% offer TWI 122.2 *+0.0* 25.9.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue Coupon Price

Yield

1 week

5.76

2 years

2708 6.06

100.16

6.05

1 month

5.74

3 years

3807

6.16

99.70

6.37

3 months

5.70

5 years

5009

6.95

100.03

7.06

6 months 5.73

5 years

M501 7.90

102.17

7.47

12 months 5.77

Total turnover of EF bills and notes - $30,767 million

Closed September 25, 1995

End/Monday, September 25, 1995