XN000022-1995-12-12 — Page 29

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Hong Kong Monetary Authority money market operations

Time

$ million

(hours)

Cumulative

change (Smillion)

Opening balance in the account

1.843

0930

-411

Closing balance in the account

1.423

1000

-411

Change attributable to:

1100

-411

Money market activity

-420

1200

-420

LAF today

NIL

1500

-420

1600

-420

LAF rate 4.25% bid/6.25% offer TWI 122.5 *+0.0* 12.12.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issuc

Coupon

Price

Yield

1 week

5.78

2 years

2711

5.60 100.00

5.68

1 month

5.78

3 years

3810

6.15

100.80 5.93

3 months

5.64

5 years

5009

6.95

102.55

6.42

6 months

5.59

7 years

7211

6.82

100.62

6.82

12 months

5.57

5 years

M502

7.30

102.35

6.84

Total turnover of EF bills and notes - $8.640 million

Closed December 12, 1995

End