11
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
****
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,388
REVERSAL OF LAF
BALANCE AFTER REVERSAL OF LAF
-400
988
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
CLOSING BALANCE IN THE ACCOUNT
+270
1,258
LAF RATE 2.00 BID/4.00 OFFER TWI 109.8 **0.0* 24.7.92
HONG KONG GOVERNMENT EXCHANGE FUND)
FRIDAY, JULY 24, 1992
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
2.82 PCT
16 MONTHS
2311
6.25
103.30 3.68
1 MONTH
2.57 PCT
19 MONTHS
2402
5.50
3 MONTHS
2.51 PCT
22 MONTHS
2405
5.50
102.30
102.30 4.00
4.21
6 MONTHS
2.76 PCT
12 MONTHS 3.41 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 24 JULY 1992
18,207 MN