17
MONDAY, OCTOBER 12, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,210
REVERSAL OF LAF
+290
BALANCE AFTER REVERSAL OF LAF
1,500
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
-450
CLOSING BALANCE IN THE ACCOUNT
1,050
LAF RATE 2.00 BID/4.00 OFFER TWI 110.5 -0.3* 12.10.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
1 MONTH
3 MONTHS
2.45 PCT
13 MONTHS 2311
6.25
103.16
3.33
2.56 PCT
16 MONTHS
2402
5.50
102.68
3.47
2.65 PCT
19 MONTHS
2405
5.502
102.70
3.78
6 MONTHS
2.75 PCT
22 MONTHS
2408
4.375
100.82
3.95
12 MONTHS
3.24 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 12 OCTOBER 1992
7,848 MN