14
THURSDAY, OCTOBER 22, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* *
$ MILLION
OPENING BALANCE IN THE ACCOUNT
2,700
REVERSAL OF LAF
-1,200
BALANCE AFTER REVERSAL OF LAF
1,500
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
+280
CLOSING BALANCE IN THE ACCOUNT
1,780
LAF RATE 2.00 BID/4.00 OFFER TWI 111.5 *+0.0* 22.10.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
1 WEEK
2.81 PCT
13 MONTHS
2311
6.25
PRICE
102.34
YIELD
4.04
1 MONTH
3.19 PCT
16 MONTHS
2402
5.50
101.53 4.34
3 MONTHS
3.30 PCT
19 MONTHS
2405
5.502
101.57 4.50
6 MONTHS
3.50 PCT
22 MONTHS
2408
4.375
99.67
4.61
12 MONTHS
3.94 PCT
TOTAL TURNOVER OF BILLS AND BONDS
J
14,466 MN
CLOSED 22 OCTOBER 1992
1