XN000022-1992-10-27 — Page 19

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TUESDAY, OCTOBER 27, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS * * * * *

OPENING BALANCE IN THE ACCOUNT

REVERASL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

$ MILLION

2,500

-1,000

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 111.8 *+0.3* 27.10.92

HONG KONG GOVERNMENT EXCHANGE FUND

1,500

NIL

+500

2,000

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

3.56 PCT

13 MONTHS

2311

6.25

102.16 4.19

1 MONTH

3.54 PCT

16 MONTHS

2402

5.50

101.26

4.54

3 MONTHS

3.56 PCT

19 MONTHS

2405

5.502

101.26 4.71

6 MONTHS

3.58 PCT

22 MONTHS

2408

4.375

99.30 4.84

12 MONTHS

4.17 PCT

TOTAL TURNOVER OF BILLS AND BONDS 11,328 MN

CLOSED 27 OCTOBER 1992