MONDAY, DECEMBER 28,

1992

18

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.97 PCT

14 MONTHS

2402

5.50

100.67

4.94

1 MONTH

3.86 PCT

17 MONTHS

2405

5.50

100.55 5.15

3 MONTHS

3.99 PCT

20 MONTHS

2408

4.375

98.58 5.36

6 MONTHS

4.14 PCT

23 MONTHS

2411

4.625

98.55 5.52

12 MONTHS

4.63 PCT

TOTAL TURNOVER OF BILLS AND BONDS

2,858MN

CLOSED 28 DECEMBER 1992

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