XN000022-1992-09-11 — Page 12

11

FRIDAY, SEPTEMBER 11, 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

MILLION

1,675

-175

1,500

NIL

NIL

1,500

TWI 109.5 +0.5* 11.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

3.33 PCT

14 MONTHS

2311

6.25

103.57

1 MONTH

2.89 PCT

17 MONTHS

2402

5.50

3.16

102.99 3.37

3 MONTHS

2.47 PCT

20 MONTHS

2405

5.50

103.00 3.67

6 MONTHS

2.62 PCT

23 MONTHS

2408

4.375

101.02 3.86

12 MONTHS

3.10 PCT

TOTAL TURNOVER OF BILLS AND BONDS

T

14,910MN

CLOSED 11 SEPTEMBER 1992