XN000022-1992-08-14 — Page 15

14

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FRIDAY, AUGUST 14, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,900

REVERSAL OF LAF

-400

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

TWI 109.7 -0.2*

NIL

+1,270

2,770

14.8.92

HONG KONG GOVERNMENT EXCHANGE FUND

KF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON PRICE

YIELD

1 WEEK

2.48 PCT

15 MONTHS

2311

6.25

103.57 3.35

1 MONTH

2.40 PCT

18 MONTHS

2402

5.50

102.75 3.64

3 MONTHS

2.39 PCT

21 MONTHS

2405

5.50

102.74

3.90

6 MONTHS 2.55 PCT

12 MONTHS

3.08 PCT

TOTAL TURNOVER OF BILLS AND BONDS

7,884 MN

CLOSED 14 AUGUST 1992

I