XN000022-1992-07-02 — Page 18

17

THURSDAY, JULY 2, 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 110.0 -0.1 2.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.24 PCT

17 MONTHS

231 I

6.25

102.65 4.29

1 MONTH

2.82 PCT

20 MONTHS

2402

5.50

101.34 4.68

3 MONTHS

2.82 PCT

23 MONTHS

2405

5.50

101.04

4.97

6 MONTHS

3.13 PCT

12 MONTHS

3.76 PCT

TOTAL TURNOVER OF BILLS AND BONDS - 7,573 MN

CLOSED 2 JULY 1992