XN000022-1992-09-01 — Page 13

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TUESDAY, SEPTEMBER 1, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,800

REVERSAL OF LAF

-300

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

NIL

CLOSING BALANCE IN THE ACCOUNT

1,500

LAF RATE 2.00 BID/4.00 OFFER TWI 108.5 -0.1 1.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.21 PCT

15 MONTHS 2311

6.25

103.51 3.29

1 MONTH

2.31 PCT

18 MONTHS

2402

5.50

102.70 3.62

3 MONTHS

2.42 PCT

21 MONTHS

2405

5.50

102.71

3 .88

6 MONTHS

2.62 PCT

24 MONTHS

2408

4.375

100.72

4.03

12 MONTHS

3.10 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

7,337 MN

CLOSED 1 SEPTEMBER 1992

I