XN000022-1992-11-12 — Page 26

25

THURSDAY, NOVEMBER 12, 1992

HONG KONG GOVERNMENT EXCHANGE FUND

MONEY MARKET OPERATIONS

OPENING BALANCE IN THE ACCOUNT

REVERSAL OF LAF

BALANCE AFTER REVERSAL OF LAF

NET INJECTION/WITHDRAWAL TODAY

*

$ MILLION

EFFECT OF LAF TODAY

CLOSING BALANCE IN THE ACCOUNT

LAF RATE 2.00 BID/4.00 OFFER TWI 112.8 +0.0* 12.11.92

HONG KONG GOVERNMENT EXCHANGE FUND

1,350

-150

1,500

NIL

NIL

1,500

EF BILLS

HONG KONG GOVERNMENT BONDS

TERMS

YIELD

TERM

ISSUE

COUPON

PRICE

YIELD

1 WEEK

2.80 PCT

12 MONTHS

2311

6.25

102.40 3.86

1 MONTH

3.06 PCT

15 MONTHS

2402

5.50

101.60

4.22

3 MONTHS

3.39 PCT

18 MONTHS

2405

5.50

101.60 4.45

6 MONTHS

3.50 PCT

21 MONTHS

2408

1.375

99.61

4.70

12 MONTHS

3.96 PCT

TOTAL TURNOVER OF BILLS AND BONDS

-

9.175 MN

CLOSED 12 NOVEMBER 1992