XN000022-1992-09-14 — Page 24

MONDAY, SEPTEMBER 14, 1992

23

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * * * *

OPENING BALANCE IN THE ACCOUNT

$ MILLION

1,500

NIL

1,500

NIL

NIL

1,500

14.9.92

:

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 110.2 *+0.7*

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

3.11 PCT

14 MONTHS

2311

6.25

103.55 3.17

1 MONTH

2.97 PCT

17 MONTHS

2402

5.50

102.97 3.37

3 MONTHS

2.57 PCT

20 MONTHS

2405

5.50

102.99 3.68

6 MONTHS

2.68 PCT

23 MONTHS

2408

4.375

101.00 3.87

12 MONTHS

3.10 PCT

TOTAL TURNOVER OF BILLS AND BONDS

—

20,312MN*

CLOSED 14 SEPTEMBER 1992

* RECORD HIGH