XN000022-1992-04-24 — Page 20

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

FRIDAY, APRIL 24, 1992

DATE

$ MILLION

CLOSING BALANCE IN THE ACCOUNT ON

23.4.92

700

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

24.4.92

-40

+40

+700*

* O/N ASSISTANCE TO BE REVERSED ON 25.4.92

TRADE WEIGHTED INDEX 113.1 *+0.0* 24.4.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

4.25 PCT

19 MONTHS 2311

6.25

101.50 5.30

4.00 PCT

22 MONTHS

2402

5.50

99.80 5.69

3 MONTHS

3.94 PCT

6 MONTHS

4.05 PCT

12 MONTHS 4.59 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 24 APRIL 1992

4,920 MN