XN000022-1992-06-23 — Page 17

16

TUESDAY, JUNE 23, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

*

$ MILLION

OPENING BALANCE IN THE ACCOUNT

988

REVERSAL OF LAF

NIL

BALANCE AFTER REVERSAL OF LAF

988

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

988

LAF RATE 2.50 BID/4.50 OFFER TWI 110.7 -0.3* 23.6.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.91 PCT

17 MONTHS 2311

6.25

102.44 4.48

1 MONTH

2.83 PCT

20 MONTHS

2402

5.50

101.09 4.86

3 MONTHS

2.87 PCT

23 MONTHS

2405

5.50

100.78

5.13

6 MONTHS

3.24 PCT

12 MONTHS

3.97 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 23 JUNE 1992

-

5,512 MN