XN000022-1991-12-30 — Page 13

MONDAY, DECEMBER 30, 1991

12

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

28.12.91

500

30.12.91

-10

+10

NEUTRAL

TRADE WEIGHTED INDEX 109.4 +0.0 30.12.91

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

4.33 PCT

23 MONTHS

2311

6.25

101.98

5.20

1 MONTH

3.96 PCT

3 MONTHS

3.91 PCT

6 MONTHS

3.94 PCT

12 MONTHS 4.33 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 30 DECEMBER 1991

0

7

3,106 MN