XN000022-1992-05-01 — Page 18

FRIDAY, MAY 1, 1992

17

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

CLOSING BALANCE IN THE ACCOUNT ON

DATE

$ MILLION

30.4.92

988

1.5.92

+210

-210

+500 *

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

* O/N ASSISTANCE TO BE REVERSED ON 2.5.92

TRADE WEIGHTED INDEX 112.6 -0.2* 1.5.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

3.49 PCT

1 MONTH

3.49 PCT

19 MONTHS

22 MONTHS

2311

6.25

YIELD

101.84 5.06

2402

5.50

100.17

5.47

3 MONTHS

3.67 PCT

6 MONTHS

3.87 PCT

12 MONTHS 4.40 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 1 MAY 1992

9,770 MN