XN000022-1992-07-28 — Page 14

TUESDAY, JULY 28, 1992

13

HONG KONG GOVERNMENT EXCHANGE FUND

MONRY 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

1,374

-386

988

NIL

+700

1,688

TWI 109.8 -0.2# 28.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUR

COUPON PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

2.92 PCT

16 MONTHS

2311

6.25

103.37 3.61

2.71 PCT

19 MONTHS

2402

5.50

102.36 3.96

2.50 PCT

22 MONTHS

2405

6.50

102. 35

4.17

6 MONTHS

2.73 PCT

12 MONTHS

3.36 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

9,757MN

CLOSED 28 JULY 1992