XN000022-1992-07-13 — Page 18

MONDAY, JULY 13, 1992

17

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

LAF RATE 2.00 BID/4.00 OFFER

1,338

-350

988

NIL

+500

1.488

TWI 109.6 -0.2* 13.7.92

EF BILLS

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WERK

1 MONTH

2.01 PCT

16 MONTHS

2311

6.25

102.81 4.12

2.11 PCT

19 MONTHS

2402

5.50

101.78 4.38

3 MONTHS

2.32 PCT

22 MONTHS

2405

5.50

101.69

4.58

6 MONTHS

2.82 PCT

12 MONTHS

3.61 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

6,579MN

CLOSED 13 JULY 1992