XN000022-1992-07-08 — Page 44

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WEDNESDAY, JULY 8, 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

+300

CLOSING BALANCE IN THE ACCOUNT

1,288

LAF RATE 2.00 BID/4.00 OFFER TWI 109.5 -0.2 8.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

1.86 PCT

16 MONTHS

2311

6.25

PRICE

102.97 4.02

YIELD

1 MONTH

2.04 PCT

19 MONTHS

2402

5.50

101.84

4.35

3 MONTHS

2.27 PCT

22 MONTHS

2405

5.50

101.74

4.56

6 MONTHS

2.66 PCT

12 MONTHS

3.44 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 8 JULY 1992

0

—

16,528 MN