-

36

WEDNESDAY, DECEMBER 11, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

10.12.91

500

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

11.12.91

-17

+17

NEUTRAL

TRADE WEIGHTED INDEX 110.6 +0.4* 11.12.91

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

3.25 PCT

24 MONTHS 2311

6.25

101.76

5.35

3.85 PCT

3.93 PCT

6 MONTHS

4.05 PCT

12 MONTHS

4.62 PCT

TURNOVER

BILLS 3,937 MN, BONDS 155 MN

CLOSED 11 DECEMBER 1991

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