XN000022-1992-03-27 — Page 26

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

DATE

FRIDAY, MARCH 27, 1992

$MILLION

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

26.3.92

1,400

27.3.92

-640

-60

+300

- 700MN +60MN

O/N ASSISTANCE TO BE REVERSED OTHER FORWARDS TO BE SETTLED ** O/N ASSISTANCE TO BE REVERSED ON 30.3.92

TRADE WEIGHTED INDEX 112.8 *+0.2* 27.3.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

4.32 PCT

20 MONTHS 2311

6.25

100.50

6.01

1 MONTH

4.03 PCT

23 MONTHS 2402

5.50

98.82

6.26

3 MONTHS

4.10 PCT

6 MONTHS

4.41 PCT

12 MONTHS 4.81 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 27 MARCH 1992

T

to

7,079 MN