XN000022-1992-07-29 — Page 15

14

WEDNESDAY, JULY 29, 1992

+

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

MILLION

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

1,688

-700

BALANCE AFTER REVERSAL OF LAF

988

NET INJECTION/WITHDRAWAL TODAY

NIL

1

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

988

LAF RATE 2.00 BID/4.00 OFFER TWI 109.8 +0.0* 29.7.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.78 PCT

16 MONTHS 2311

6.25

103.46 3.54

1 MONTH

2.58 PCT

19 MONTHS

2402

5.50

102.45 3.89

3 MONTHS

2.44 PCT

22 MONTHS

2405

5.50

102.45

4. 11

6 MONTHS

2.67 PCT

12 MONTHS

3.29 PCT

-

TOTAL TURNOVER OF BILLS AND BONDS 9,004 MN

CLOSED 29 JULY 1992