XN000022-1995-12-08 — Page 22

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

1,620

0930

-382

Closing balance in the account

2,419

1000

-382

Change attributable to:

1100

-347

Money market activity

-323

1200

-347

LAF today

+1,122

1500

-347

1600

-323

LAF rate 4.25% bid/6.25% offer TWI 122.5 *+0.0* 8.12.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon

Price

Yield

1 week

5.88

2 years

2711

5.60

99.97

5.69

1 month

5.80

3 years

3810

6.15

100.70

5.97

3 months

5.60

5 years

5009

6.95

102.44

6.45

6 months

5.58

7 years

7211

6.82

100.40

6.86

12 months

5.56

5 years

M502 7.30

102.19

6.88

Total turnover of EF bills and notes - $13,337 million

Closed December 8, 1995

End