17
FRIDAY, JANUARY 7, 1994
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
$ MILLION
3,475
+525
4,000
NIL
EFFECT OF LAF TODAY
CLOSING BALANCE IN THE ACCOUNT
LAF RATE 2.00 BID/4.00 OFFER TWI 127.6 *+0.0* 7.1.94
-2,349
1,651
EF BILLS
HONG KONG GOVERNMENT EXCHANGE FUND
EF NOTES/HONG KONG GOVERNMENT BONDS
TERMS
YIELD
TERM
ISSUE
COUPON
PRICE
YIELD
1 WEEK
2.38 PCT
14 MONTHS
2502
4.75
101.26
3.61
1 MONTH
2.84 PCT
17 MONTHS
2505
3.75
99.93
3.84
3 MONTHS
3.03 PCT
20 MONTHS
2508
4.625
100.98
4.03
6 MONTHS
3.20 PCT
23 MONTHS
2511
4.15
99.95
4.22
12 MONTHS 3.53 PCT
34 MONTHS
3610
4.20
98.89
4.68
TOTAL TURNOVER OF BILLS AND BONDS
CLOSED 7 JANUARY 1994
—
18,882 MN
O