XN000022-1992-09-15 — Page 16

15

TUESDAY, SEPTEMBER 15,

1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

$ MILLION

1,500

REVERSAL OF LAF

NIL

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 110.0 -0.2* 15.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3.14 PCT

14 MONTHS

2311

6.25

103.50 3.21

2.95 PCT

17 MONTHS

2402

5.50

102.93 3.40

3 MONTHS

2.60 PCT

20 MONTHS

2405

5.50

102.96

3.69

6 MONTHS 2.72 PCT

12 MONTHS

23 MONTHS

2408

4.375

100.99

3.87

3.15 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 15 SEPTEMBER 1992

0

++

7,718 MN