XN000022-1992-07-21 — Page 20

19

TUESDAY, JULY 21, 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

CLOSING BALANCE IN THE ACCOUNT

+700

1,688

LAF RATE 2.00 BID/4.00 OFFER

TWI 109.6 *+0.2* 21.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.17 PCT

16 MONTHS

2311

6.25

103.41

3.62

1 MONTH

2.11 PCT

19 MONTHS

2402

5.50

102.36

3.97

3 MONTHS

2.24 PCT

22 MONTHS

2405

5.50

102.38

4.17

6 MONTHS

2.

.52 PCT

12 MONTHS

3.21 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 21 JULY 1992

―

11,276 MN