XN000022-1992-07-16 — Page 20

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THURSDAY, JULY 16, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

HONG KONG GOVERNMENT BONDS

EF BILLS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

1.93 PCT

16 MONTHS

2311

6.25

PRICE

102.89 4.05

YIELD

1 MONTH

1.98 PCT

19 MONTHS

2402

5.50

101.86 4.32

3 MONTHS

2.25 PCT

22 MONTHS

2405

5.50

101.77

4.53

6 MONTHS 2.71 PCT

12 MONTHS

3.54 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 16 JULY 1992

6,337 MN