12
TUESDAY, SEPTEMBER 1, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,800
REVERSAL OF LAF
-300
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 108.5 -0.1 1.9.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
2.21 PCT
15 MONTHS 2311
6.25
103.51 3.29
1 MONTH
2.31 PCT
18 MONTHS
2402
5.50
102.70 3.62
3 MONTHS
2.42 PCT
21 MONTHS
2405
5.50
102.71
3 .88
6 MONTHS
2.62 PCT
24 MONTHS
2408
4.375
100.72
4.03
12 MONTHS
3.10 PCT
TOTAL TURNOVER OF BILLS AND BONDS
-
7,337 MN
CLOSED 1 SEPTEMBER 1992
I