XN000022-1992-08-05 — Page 8

WEDNESDAY, AUGUST 5, 1992

7

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

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

$ MILLION

1,138

-150

988

NIL

+1,020

2,008

5.8.92

TWI 109.8 *+0.0*

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

3.45 PCT

15 MONTHS

2311

6.25

103.37 3.57

1 MONTH

2.90 PCT

18 MONTHS

2402

5.50

102.35 3.94

3 MONTHS

2.74 PCT

21 MONTHS

2405

5.50

102.35 4.16

6 MONTHS 2.81 PCT

12 MONTHS

3.26 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 5 AUGUST 1992

_

12,472MN

I

1

O

I