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HONG KONG GOVERNMENT EXCHANGE FUND

FRIDAY, MARCH 19, 1993

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH 2.74 PCT

3 MONTHS 2.86 PCT

6 MONTHS 3.13 PCT

2.50 PCT

14 MONTHS 2405

5.50

102.26

3.52

17 MONTHS

2408

5.50

101.18

3.54

20 MONTHS

2411

4.375

101.47

3.73

23 MONTHS

2502

4.625

101.52

3.95

12 MONTHS 3.44 PCT

TOTAL TURNOVER OF BILLS AND BONDS 25,776N

CLOSED 19 MARCH 1993

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