7
TUESDAY, AUGUST 25, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,130
REVERSAL OF LAF
+370
BALANCE AFTER REVERSAL OF LAF
1,500
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
NIL
CLOSING BALANCE IN THE ACCOUNT
1,500
LAF RATE 2.00 BID/4.00 OFFER TWI 108.8 -0.3* 25.8.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
1 MONTH
2.32 PCT
15 MONTHS 2311
6.25
103.30
3.51
2.46 PCT
18 MONTHS
2402
5.50
102.41 3.84
3 MONTHS
2.60 PCT
21 MONTHS
2405
5.50
102.41
4.08
6 MONTHS
2.78 PCT
24 MONTHS
2408
4.375
100.41
4.20
12 MONTHS
3.32 PCT
TOTAL TURNOVER OF BILLS AND BONDS
12,131 MN
CLOSED 25 AUGUST 1992