XN000022-1991-12-13 — Page 10

FRIDAY, DECEMBER 13, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

12.12.91

500

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

13.12.91

+30

-30

NEUTRAL

TRADE WEIGHTED INDEX 110.3 +0.0* 13.12.91

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TRRM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.60 PCT

24 MONTHS 2311

6.25

101.71

5.37

1 MONTH

4.10 PCT

3 MONTHS

4.03 PCT

6 MONTHS 4.11 PCT

12 MONTHS

TURNOVER

-

4.63 PCT

BILLS 4,970 MN, BONDS 15 MN

CLOSED 13 DECEMBER 1991