XN000022-1992-07-14 — Page 26

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TUESDAY, JULY 14, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,488

REVERSAL OF LAF

-500

BALANCE AFTER REVERSAL OF LAF

988

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

988

LAF RATE 2.00 BID/4.00 OFFER TWI 109.7 +0.1* 14.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

1 MONTH

1.92 PCT

16 MONTHS 2311

6.25

YIELD

102.82 4.11

3 MONTHS

2.03 PCT

2.30 PCT

19 MONTHS

2402

5.50

101.73

4.41

22 MONTHS

2405

5.50

101.65

4.61

6 MONTHS 2.76 PCT

12 MONTHS

3.64 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 14 JULY 1992

-

8,548 MN

0