XN000022-1992-01-22 — Page 34

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WEDNESDAY, JANUARY 22, 1992

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

21.1.92

500

22.1.92

-612

+612

NEUTRAL

TRADE WEIGHTED INDEX 110.1 +0.1* 22.1.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

5.15 PCT

23 MONTHS 2311

6.25

101.47

5.46

4.33 PCT

3 MONTHS

4.

.23 PCT

6 MONTHS

4.22 PCT

12 MONTHS

4.60 PCT

TOTAL TURNOVER OF BILLS AND BONDS 10,751 MN

CLOSED 22 JANUARY 1992

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