XN000022-1992-07-17 — Page 23

FRIDAY, JULY 17, 1992

22

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

988

NIL

988

NIL

NIL

988

TWI 109.6 -0.1* 17.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

1 MONTH

1.87 PCT

16 MONTHS

2311

6.25

103.08 3.89

1.94 PCT

19 MONTHS

2402

5.50

102.06 4.18

3 MONTHS

2.19 PCT

22 MONTHS

2405

5.50

102.01

4.39

6 MONTHS

2.57 PCT

12 MONTHS

3.43 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

6.832MN

CLOSED 17 JULY 1992