XN000022-1992-11-11 — Page 27

WEDNESDAY, NOVEMBER 11, 1992

25

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

* * *

$ MILLION

OPENING BALANCE IN THE ACCOUNT

2,490

REVERSAL OF LAF

-990

BALANCE AFTER REVERSAL OF LAF

1,500

NET INJECTION/WITHDRAWAL TODAY

NIL

EFFECT OF LAF TODAY

-150

CLOSING BALANCE IN THE ACCOUNT

1,350

LAF RATE 2.00 BID/4.00 OFFER TWI 112.8 *-0.2* 11.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.86 PCT

12 MONTHS 2311

6.25

102.32

3.94

1 MONTH

3.11 PCT

15 MONTHS

2402

5.50

101.43

4.37

3 MONTHS

3.42 PCT

18 MONTHS

2405

5.50

101.43

4.57

6 MONTHS

3.56 PCT

21 MONTHS

2408

4.375

99.46

4.75

12 MONTHS

4.00 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

15,531 MN

CLOSED 11 NOVEMBER 1992