15
15
MONDAY, NOVEMBER 23, 1992
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* *
$ MILLION
OPENING BALANCE IN THE ACCOUNT
1,420
REVERSAL OF LAF
+80
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 113.6 +0.1 23.11.92
HONG KONG GOVERNMENT EXCHANGE FUND
EF BILLS
HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
3.25 PCT
15 MONTHS
2402
5.50
101.19 4.54
1 MONTH
3.36 PCT
18 MONTHS
2405
5.50
101.16 4.74
3 MONTHS
3.63 PCT
21 MONTHS
2408
4.375
99.16 4.94
6 MONTHS
3.84 PCT
24 MONTHS
2411
4.625
99.27
5.08
12 MONTHS
4.32 PCT
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 23 NOVEMBER 1992
7,575 MN