THURSDAY, DECEMBER 24, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.10 PCT 14 MONTHS 2402

5.50

100.73

4.89

1 MONTH

3.79 PCT

17 MONTHS 2405

5.50

100.56

5.14

3 MONTHS

3.97 POT

20 MONTHS 2408

4.375

98.61

5.34

6 MONTHS 4.13 PCT 23 MONTHS 2411

4.625

98.59

5.49

12 MONTHS 4.63 PCT

TOTAL TURNOVER OF BILLS AND BONDS 2,304 MN

CLOSED 24 DECEMBER 1992

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