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HONG KONG GOVERNMENT EXCHANGE FUND

MONDAY, MARCH 15, 1993

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.36 PCT

14 MONTHS 2405

5.50

102.25

3.56

1 MONTH

2.79 PCT

17 MONTHS

2408

5.50

101.03 3.66

3 MONTHS

2.95 PCT

20 MONTHS

2411

4.375

6 MONTHS

23 MONTHS 3.15 PCT

2502

4.625

101.38

101.34 3.82

4.04

12 MONTHS 3.43 PCT

TOTAL TURNOVER OF BILLS AND BONDS 20,035MN

CLOSED 15 MARCH 1993

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