XN000022-1995-12-22 — Page 24

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Hong Kong Monetary Authority money market operations

Cumulative

Time

change

$ million

(hours)

($million)

Opening balance in the account

2,491

0930

-187

Closing balance in the account

2,169

1000

-187

Change attributable to:

1100

-187

Money market activity

-182

1200

-182

LAF today

-140

1500

-182

1600

-182

LAF rate 4.25% bid/6.25% offer TWI 122.6 *+0.1* 22.12.95

Hong Kong Monetary Authority

EF bills

EF notes

Terms

Yield

Term

Issue

Coupon Price

Yield

1 week

5.69

2 years

2711 5.60

100.06

5.64

1 month

5.65

3 years

3810

6.15

100.91

5.88

3 months

5.57

5 years

5012

6.38

100.20

6.43

6 months

5.55

7 years

7211

6.82

100.77

6.79

12 months 5.55

5 years

M502 7.30

102.58

6.78

Total turnover of EF bills and notes - $22,635 million

Closed December 22, 1995

End