XN000022-1992-06-30 — Page 19

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18

TUESDAY, JUNE 30, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,988

REVERSAL OF LAF

-1,000

BALANCE AFTER REVERSAL OF LAF

988

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.50 BID/4.50 OFFER TWI 110.2 *+0.0* 30.6.92

+1,200

2,188

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

1 MONTH

3 MONTHS

2.94 PCT

2.81 PCT

2.84 PCT

17 MONTHS

20 MONTHS

2311

6.25

YIELD

102.64 4.31

2402

5.50

101.34 4.69

23 MONTHS 2405

5.50

101.05

4.97

6 MONTHS

3.22 PCT

12 MONTHS

3.75 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 30 JUNE 1992

O

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8.641 MN