XN000022-1992-10-12 — Page 18

17

MONDAY, OCTOBER 12, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

$ MILLION

OPENING BALANCE IN THE ACCOUNT

1,210

REVERSAL OF LAF

+290

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-450

CLOSING BALANCE IN THE ACCOUNT

1,050

LAF RATE 2.00 BID/4.00 OFFER TWI 110.5 -0.3* 12.10.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

1 MONTH

3 MONTHS

2.45 PCT

13 MONTHS 2311

6.25

103.16

3.33

2.56 PCT

16 MONTHS

2402

5.50

102.68

3.47

2.65 PCT

19 MONTHS

2405

5.502

102.70

3.78

6 MONTHS

2.75 PCT

22 MONTHS

2408

4.375

100.82

3.95

12 MONTHS

3.24 PCT

TOTAL TURNOVER OF BILLS AND BONDS

CLOSED 12 OCTOBER 1992

7,848 MN