XN000022-1992-06-29 — Page 11

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MONDAY, JUNE 29, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

688

+300

988

NIL

+1.000

1,988

LAF RATE 2.50 BID/4.50 OFFER TW1 110.2 -0.2* 29.6.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 W

2.84 PCT

17M

2311

6.25

102.53

4.39

1M

2.80 PCT

20M

2402

5.50

101.

22

4.

77

3M

2.82 PCT

23M

2405

5.50

100.92

5.04

6M

3.18 PCT

12M

3.88 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

6,461MN

CLOSED 29 JUNE 1992

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