XN000022-1992-09-22 — Page 11

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TUESDAY, SEPTEMBER 22, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,370

REVERSAL OF LAF

+130

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER

TWI 110.7 -0.1* 22.9.92

NIL

NIL

1,500

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE COUPON PRICE YIELD

1 WEEK

1 MONTH

3.20 PCT

14 MONTHS

2311

6.25

103.34 3.29

2.86 PCT

17 MONTHS

2402

5.50

102.79 3.47

3 MONTHS

2.59 PCT

20 MONTHS

2405

5.50

102.82 3.76

6 MONTHS

2.70 PCT

23 MONTHS

2408

4.375

100.92 3.91

12 MONTHS

3.13 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

4,440MN

CLOSED 22 SEPTEMBER 1992