XN000022-1992-09-10 — Page 12

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THURSDAY, SEPTEMBER 10, 1992

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 TWI 109.0 +0.2% 10.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,700

-200

1,500

NIL

+175

1,675

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.07 PCT

14 MONTHS 2311

6.25

103.55 3.20

1 MONTH

2.61 PCT

17 MONTHS

2402

5.50

102.95 3.40

3 MONTHS

2.42 PCT

20 MONTHS

2405

5.50

102.95 3.71

6 MONTHS

2.57 PCT

23 MONTHS 2408

4.375

101.00 3.87

12 MONTHS

3 .08 PCT

TOTAL TURNOVER OF BILLS AND BONDS

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14,159 MN

CLOSED 10 SEPTEMBER 1992