XN000022-1995-12-04 — Page 14

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

1,963

0930

-693

Closing balance in the account

1,560

1000

-693

Change attributable to:

1100

-693

Money market activity

-691

1200

-691

LAF today

+288

1500

-691

1600

-691

LAF rate 4.25% bid/6.25% offer TWI 122.4 *-0.2* 04.12.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.64

2 years

2711

5.60

100.10 5.62

1 month

5.63

3 years

3810

6.15

100.98

5.86

3 months

5.55

5 years

5009

6.95

102.79 6.36

6 months

5.54

7 years

7211

6.82

100.83 6.78

12 months

5.51

5 years

M502

7.30

102.54 6.80

Total turnover of EF bills and notes - $13,259 million

Closed December 4, 1995

End