21

FRIDAY, DECEMBER 20, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

DATE

MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

19.12.91

500

20.12.91

-39

+39

NEUTRAL

TRADE WEIGHTED INDEX 110.1 -0.1 20.12.91

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

4.34 PCT

23 MONTHS 2311

6.25

1 MONTH

4.24 PCT

3 MONTHS

4.18 PCT

6 MONTHS 4.21 PCT

12 MONTHS

4.63 PCT

TOTAL TURNOVER OF BILLS AND BONDS

J

1,720MN

CLOSED 20 DECEMBER 1991

PRICE

YIELD

101.75

5.34

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