39

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

WEDNESDAY, MAY 20, 1992

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

*O/N ASSISTANCE TO BE REVERSED ON 21.5.92

19.5.92

988

20.5.92

+207

-207

+300 *

TRADE WEIGHTED INDEX 111.5*0.0* 20.5.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE YIELD

1 W

2.54 PCT

18M

2311

6.25

102. 48

4.57

1M

2.82 PCT

21M

2402

5.50

101.03 4.93

3M

3.11 PCT

24M

2405

5.50

100.84 5.12

6M

3.41 PCT

12M

4.00 PCT

TOTAL TURNOVER OF BILLS AND BONDS

Y

12,929MN

CLOSED 20 MAY 1992

0

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