16

WEDNESDAY, JANUARY 20, 1993

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 114.3 *-0.2* 20.1.1993

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,900

-400

1,500

NIL

+300

1,800

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.98 PCT

13 MONTHS 2402

5.50

101.20

4.39

1 MONTH

3.14 PCT

16 MONTHS

2405

5.50

101.12

4.67

3 MONTHS

3.28 PCT

19 MONTHS

2408

4.375

99.24 4.94

6 MONTHS 3.63 PCT

12 MONTHS 4.23 PCT

22 MONTHS 2411

4.625

99.21

5.15

TOTAL TURNOVER OF BILLS AND BONDS

-

15,293 MN

CLOSED 20 JANUARY 1993

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