17
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* * * * *
FRIDAY, JULY 10, 1992
8 MILLION
OPENING BALANCE IN THE ACCOUNT
1,078
REVERSAL OF LAF
-90
BALANCE AFTER REVERSAL OF LAF
988
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
+800
CLOSING BALANCE IN THE ACCOUNT
1,788
LAF RATE 2.00 BID/4.00 OFFER TWI 110.0 +0.4 10.7.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
1.95 PCT
1 MONTH
2.09 PCT
16 MONTHS 2311
19 MONTHS
6.25
103.00
3.98
2402
5.50
101.89
4.31
3 MONTHS
2.32 PCT
22 MONTHS
2405
5.50
101.79
4. 48
6 MONTHS
2.77 PCT
12 MONTHS
3.53 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 10 JULY 1992
8,817 MN