XN000022-1991-12-27 — Page 20

19

FRIDAY, DECEMBER 27, 1991

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

24.12.91

500

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

27.12.91

-311

+311

NEUTRAL

TRADE WEIGHTED INDEX 109.2 -0.3* 27.12.91

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

4.25 PCT

23 MONTHS

2311

6.25

1 MONTH

3.89 PCT

3 MONTHS

3.89 PCT

6 MONTHS 3.93 PCT

12 MONTHS

4.27 PCT

TOTAL TURNOVER OF BILLS AND BONDS 2,205 MN

CLOSED 27 DECEMBER 1991

-

PRICE

YIELD

102.01

5.18