XN000022-1995-12-20 — Page 19

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Hong Kong Monetary Authority money market operations

Cumulative

Time

$ million

(hours)

change ($million)

Opening balance in the account

2,014

0930

-579

Closing balance in the account

2.031

1000

-579

Change attributable to:

1100

-559

Money market activity

-583

1200

-559

LAF today

+600

1500

-559

1600

-583

LAF rate 4.25% bid/6.25% offer TWI 122.6 *+0.2* 20.12.95

Hong Kong Monetary Authority

El notes

EF bills

Terms

Yield

Term

Issue

Coupon

Price Yield

1 week

5.74

2 years

2711

5.60

100.02 5.66

1 month

5.73

3 years

3810

6.15

100.84 3.91

3 months

5.63

5 years

5012

6.38

100.05

6.47

6 months

5.61

7 years

12 months

5.57.

5 years

7211

M502

100.63 6.82

6.82

7:30

102.40 6.83

Total turnover of EF bills and notes - $22,824 million

Closed December 20, 1995

End