18
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
THURSDAY, JULY 23, 1992
S MILLION
OPENING BALANCE IN THE ACCOUNT
1,688
REVERSAL OF LAF
BALANCE AFTER REVERSAL OF LAF
-700
988
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
CLOSING BALANCE IN THE ACCOUNT
+400
1,388
LAF RATE 2.00 BID/4.00 OFFER TWI 109.8 *+0.2* 23.7.92
HONG KONG GOVERNMENT EXCHANGE FUND
BF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
1 MONTH
2.57 PCT
16 MONTHS 2311
6.25
2.28 PCT
19 MONTHS
2402
5.50
103.44 3.59
102.42
3.93
3 MONTHS
2.31 PCT
22 MONTHS
2405
5.50
102.42
4.15
6 MONTHS
2.53 PCT
12 MONTHS
3.26 PCT
TOTAL TURNOVER OF BILLS AND BONDS
—
10,884 MN
CLOSED 23 JULY 1992