XN000022-1992-05-27 — Page 49

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HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

CLOSING BALANCE IN THE ACCOUNT ON

EFFECT OF FORWARDS TO BE SETTLED ON

EFFECT OF OPERATIONS THIS MORNING

EFFECT OF OPERATIONS THIS AFTERNOON

* O/N ASSISTANCE TO BE REVERSED

OTHER FORWARDS TO BE SETTLED

WEDNESDAY, MAY 27, 1992

DATE

$ MILLION

26.5.92

1,688

27.5.92

-933

+233

NEUTRAL

-700 MN -233 MN

TRADE WEIGHTED INDEX 111.8 *+0.1* 27.5.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.85 PCT

1 MONTH

2.71 PCT

18 MONTHS 2311

21 MONTHS

6.25

102.32

4.66

2402

5.50

100.96 4.97

3 MONTHS

2.76 PCT

24 MONTHS

2405

5.50

100.68 5.20

6 MONTHS

3.22 PCT

12 MONTHS

3.93 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

18,714MN (RECORD HIGH)

CLOSED 27 MAY 1992