XN000022-1992-10-22 — Page 15

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THURSDAY, OCTOBER 22, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,700

REVERSAL OF LAF

-1,200

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

+280

CLOSING BALANCE IN THE ACCOUNT

1,780

LAF RATE 2.00 BID/4.00 OFFER TWI 111.5 *+0.0* 22.10.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

1 WEEK

2.81 PCT

13 MONTHS

2311

6.25

PRICE

102.34

YIELD

4.04

1 MONTH

3.19 PCT

16 MONTHS

2402

5.50

101.53 4.34

3 MONTHS

3.30 PCT

19 MONTHS

2405

5.502

101.57 4.50

6 MONTHS

3.50 PCT

22 MONTHS

2408

4.375

99.67

4.61

12 MONTHS

3.94 PCT

TOTAL TURNOVER OF BILLS AND BONDS

J

14,466 MN

CLOSED 22 OCTOBER 1992

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