XN000022-1992-03-19 — Page 12

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

**

THURSDAY, MARCH 19, 1992

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

18.3.92

700

19.3.92

+94

-94

NEUTRAL

TRADE WEIGHTED INDEX 112.6 +0.1* 19.3.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

4.60 PCT

1 MONTH

4.21 PCT

20 MONTHS

23 MONTHS

2311

6.25

100.18

6.23

2402

5.50

98.47

6.46

3 MONTHS

4.23 PCT

6 MONTHS 4.49 PCT

12 MONTHS

4.87 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 19 MARCH 1992

5,380 MN