I
23
HONG KONG GOVERNMENT EXCHANGE FUND
MONEY MARKET OPERATIONS
* *
MONDAY, JULY 12, 1993
$ MILLION
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
1,665
+1,135
2,800
NIL
+95
2,895
TWI 113.1 *+0.2* 12.7.93
EF BILLS
HONG KONG GOVERNMENT EXCHANGE FUND
EF NOTES/HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE COUPON PRICE
YIELD
1 WEEK
3.05 PCT
13 MONTHS
2408
4.375 100.50
3.94
1 MONTH
3 MONTHS
6 MONTHS
3.11 PCT
3.29
16 MONTHS
2411
4.625
100.72
4.11
PCT
19 MONTHS
2502
4.75
100.84
4.24
3.49 PCT
22 MONTHS
2505
3.
.75
98.86
4.45
12 MONTHS
3.80 PCT
TOTAL TURNOVER OF BILLS AND BONDS
15,022 MN
CLOSED 12 JULY 1993