15
WEDNESDAY, SEPTEMBER 30, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* * *
$ MILLION
OPENING BALANCE IN THE ACCOUNT
2,000
REVERSAL OF LAF
-500
BALANCE AFTER REVERSAL OF LAF
1,500
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
+940
CLOSING BALANCE IN THE ACCOUNT
2,440
LAF RATE 2.00 BID/4.00 OFFER TWI 109.6 -0.4* 30.9.92
:
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
1 WEEK
1 MONTH
2.30 PCT
14 MONTHS 2311
6.25
YIELD
103.45 3.15
2.37 PCT
17 MONTHS
2402
5.50
102.97
3.31
3 MONTHS
2.43 PCT
20 MONTHS
2405
5.50
102.98
3.63
6 MONTHS
2.56 PCT
23 MONTHS
2408
4.375
101.06
3.82
12 MONTHS
3.05 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 30 SEPTEMBER 1992
9,449 MN