XN000022-1992-06-25 — Page 18

17

THURSDAY, JUNE 25, 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

+600

CLOSING BALANCE IN THE ACCOUNT

1,588

LAF RATE 2.50 BID/4.50 OFFER TWI 110.6 -0.2* 25.6.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

1 MONTH

3 MONTHS

2.80 PCT

17 MONTHS 2311

6.25

YIELD

102.53 4.41

2.79 PCT

20 MONTHS

2402

5.50

101.17

4.80

2.84 PCT

23 MONTHS

2405

5.50

100.89

5.06

6 MONTHS

3.20 PCT

12 MONTHS

3.90 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 25 JUNE 1992

—

3,773 MN

0