XN000022-1992-09-24 — Page 22

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THURSDAY, SEPTEMBER 24, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,400

REVERSAL OF LAF

+100

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 TW] 110.6 -0.2 24.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3.45 PCT

14 MONTHS

2311

6.25

103.25

3.36

3.13 PCT

17 MONTHS

2402

5.50

102.69

3.54

3 MONTHS

2.69 PCT

20 MONTHS

2405

5.50

102.72

3.81

6 MONTHS 2.76 PCT

12 MONTHS

23 MONTHS

2408

4.375

100.80

3.97

3.25 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 24 SEPTEMBER 1992

-

6,771 MN

0