WEDNESDAY, JANUARY 5, 1994

10

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

$ MILLION

3,300

+700

4,000

NIL

-1,907

2,093

TWI 127.7 *-0.1* 5.1.94

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

EF NOTES/HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE

YIELD

1 WEEK

2.86 POT

14 MONTHS

2502

4.75

101.25

3.62

1 MONTH

2.93 PCT

17 MONTHS

2505

3.75

99.93

3.84

3. MONTHS

3.05 PCT

20 MONTHS

2508

4.625

100.97

4.04

6 MONTHS

3.19 PCT

23 MONTHS

2511

4.15

99.90

4.25

12 MONTHS

3.50 PCT

34 MONTHS

3610

4.20

98.82

4.71

TOTAL TURNOVER OF BILLS AND BONDS

17,007 MN

CLOSED 5 JANUARY 1994

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