11
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS * * * * *
TUESDAY, MAY 25, 1993
9 MILLION
OPENING BALANCE IN THE ACCOUNT
1,320
REVERSAL OF LAF
+830
BALANCE AFTER REVERSAL OF LAF
2,150
NET INJECTION/WITHDRAWAL TODAY
NIL
EFFECT OF LAF TODAY
NIL
CLOSING BALANCE IN THE ACCOUNT
2,150
LAF RATE 2.00 BID/4.00 OFFER TWI 112.4 *+0.0* 25.5.93
HONG KONG GOVERNMENT EXCHANGE FUND
EF NOTES/HONG KONG GOVERNMENT BONDS
EF BILLS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
1 MONTH
3.33 PCT
15 MONTHS
2408
4.375
100.69
3.83
3.23 PCT
18 MONTHS
2411
4.625
100.99
3.97
3 MONTHS
3.20 POT
21 MONTHS
2502
4.75
101.01
4.18
6 MONTHS
3.38 PCT
24 MONTHS
2505
3.75
99.01
4.32
12 MONTHS
3.64 PCT
TOTAL TURNOVER OF BILLS AND BONDS
15,494 MN
CLOSED 25 MAY 1993