XN000022-1992-09-30 — Page 16

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WEDNESDAY, SEPTEMBER 30, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,000

REVERSAL OF LAF

-500

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

+940

CLOSING BALANCE IN THE ACCOUNT

2,440

LAF RATE 2.00 BID/4.00 OFFER TWI 109.6 -0.4* 30.9.92

:

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

1 WEEK

1 MONTH

2.30 PCT

14 MONTHS 2311

6.25

YIELD

103.45 3.15

2.37 PCT

17 MONTHS

2402

5.50

102.97

3.31

3 MONTHS

2.43 PCT

20 MONTHS

2405

5.50

102.98

3.63

6 MONTHS

2.56 PCT

23 MONTHS

2408

4.375

101.06

3.82

12 MONTHS

3.05 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 30 SEPTEMBER 1992

9,449 MN