18
TUESDAY, OCTOBER 27, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS * * * * *
OPENING BALANCE IN THE ACCOUNT
REVERASL OF LAF
BALANCE AFTER REVERSAL OF LAF
NET INJECTION/WITHDRAWAL TODAY
$ MILLION
2,500
-1,000
EFFECT OF LAF TODAY
CLOSING BALANCE IN THE ACCOUNT
LAF RATE 2.00 BID/4.00 OFFER TWI 111.8 *+0.3* 27.10.92
HONG KONG GOVERNMENT EXCHANGE FUND
1,500
NIL
+500
2,000
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
3.56 PCT
13 MONTHS
2311
6.25
102.16 4.19
1 MONTH
3.54 PCT
16 MONTHS
2402
5.50
101.26
4.54
3 MONTHS
3.56 PCT
19 MONTHS
2405
5.502
101.26 4.71
6 MONTHS
3.58 PCT
22 MONTHS
2408
4.375
99.30 4.84
12 MONTHS
4.17 PCT
TOTAL TURNOVER OF BILLS AND BONDS 11,328 MN
CLOSED 27 OCTOBER 1992