XN000022-1992-05-05 — Page 16

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TUESDAY, MAY 5, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

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

4.5.92

988

5.5.92

-40

+40

NEUTRAL

TRADE WEIGHTED INDEX 112.7 +0.1* 5.5.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.50 PCT

19 MONTHS 2311

6.25

101.95 4.97

1 MONTH

3.49 PCT

22 MONTHS

2402

5.50

100.35

5.36

3 MONTHS

3.62 PCT

6 MONTHS 3.83 PCT

12 MONTHS

4.29 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 5 MAY 1992

4,182 MN