XN000022-1992-09-29 — Page 11

TUESDAY, SEPTEMBER 29, 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 TWI 110.0 -0.2* 29.9.92

HONG KONG GOVERNMENT EXCHANGE FUND

$ MILLION

1,500

NIL

1,500

NIL

+500

2,000

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

2.93 PCT

14 MONTHS 2311

6.25

103.39

3.21

2.72 PCT

17 MONTHS

2402

5.50

102.94

3.33

2.58 PCT

20 MONTHS

2405

5.50

102.99

3.63

6 MONTHS

2.69 PCT

23 MONTHS 2408

4.375

101.04

3.83

12 MONTHS 3.11 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

4,475 MN

CLOSED 29 SEPTMEBER 1992

+