XN000022-1992-03-25 — Page 23

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * *

DATE

WEDNESDAY, MARCH 25, 1992

$MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

24.3.92

700

25.3.92

+151

-151

+500 *

EFFECT OF OPERATIONS THIS AFTERNOON

* LATE O/N ASSISTANCE,

TO BE REVERSED ON 26.3.92

TRADE WEIGHTED INDEX 112.8 +0.0* 25.3.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

4.06 PCT

20 MONTHS

2311

6.25

100.34 6.11

1 MONTH

3 MONTHS

4.01 PCT

4.05 PCT

23 MONTHS

2402

5.50

98.65

6.36

6 MONTHS 4.41 PCT

12 MONTHS

4.82 PCT

-

TOTAL TURNOVER OF BILLS AND BONDS 7,455 MN

CLOSED 25 MARCH 1992