TUESDAY, JULY 7, 1992
19
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* * * *
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,288
REVERSAL OF LAF
-300
BALANCE AFTER REVERSAL OF LAF
988
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
NIL
CLOSING BALANCE IN THE ACCOUNT
988
LAF RATE 2.00 BID/4.00 OFFER TWI 109.7 -0.4* 7.7.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
2.42 PCT
16 MONTHS
2311
6.25
103.06
3.96
1 MONTH
2.43 PCT
19 MONTHS
2402
5.50
101.85
4.34
3 MONTHS
2.51 PCT
22 MONTHS
2405
5.50
101.69
4.59
6 MONTHS
2.77 PCT
12 MONTHS 3.51 PCT
TOTAL TURNOVER OF BILLS AND BONDS
—
8,072 MN
CLOSED 7 JULY 1992
I